Match the Following Terms with Their Definitions

question 60

Multiple Choice

Match the following terms with their definitions.
-FOB destination

• A)Criteria on invoice
• B)Seller pays cost of freight
• C)Could be calculated by table look-up
• D)Savings from early payment
• E)Cash discount within first 10 days in next month after sale
• F)Amount of time to take advantage of a cash discount
• G)Discount period begins when goods are received
• H)100% less stated percent
• I)List price minus amount of trade discount
• J)Time period sellers give buyers to pay invoices
• K)1 - net price equivalent rate
• L)Buyer pays cost of freight
• M)Actual cost to buyer per dollar
• N)2/10, n/30
• O)Two or more trade discounts
• P)List price minus net price
• Q)Suggested retail price

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Definitions:

Corporate Profits

Denotes the financial surplus generated by a company after deducting all its expenses from its total revenue.

Corporate Social Responsibility

The concept that businesses should be accountable for their impact on society and the environment, often beyond legal requirements.

Sodium Reduction

Sodium reduction involves strategies and practices aimed at decreasing the amount of sodium in food products to improve public health outcomes.

Fast Food Chain

A series of restaurants, often part of a corporate franchise, offering quick service and a limited menu of food items.