The Terms on an Invoice Are 3/10,n/25

question 96

Multiple Choice

The terms on an invoice are 3/10,n/25.This means that a:

• A)discount of 3% is allowed if the invoice is paid in 10 days.
• B)discount of 10% is allowed if the invoice is paid in three days.
• C)discount of 25% is allowed if the invoice is paid in 10 days.
• D)discount of 3% is allowed if the invoice is paid after 25 days.

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Definitions:

Equal Pay Act

A law aimed at abolishing wage disparity based on sex by ensuring equal pay for equal work for both men and women.

PATRIOT Act

Legislation enacted in the United States to enhance law enforcement investigatory tools and abilities, particularly in response to terrorism.

Equal Employment Opportunity Commission

A federal agency responsible for enforcing laws against workplace discrimination and advocating for fair treatment of all employees.

National Labor Relations Board

The National Labor Relations Board (NLRB) is an independent US federal agency responsible for enforcing US labor law in regard to collective bargaining and unfair labor practices.