Credit Terms of 2/10,n/30 Mean That the Purchaser May Deduct

question 22

True/False

Credit terms of 2/10,n/30 mean that the purchaser may deduct 2 percent if the invoice is paid within 10 days,with the full amount due in 30 days if the early payment option is NOT exercised.

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Definitions:

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Intrapreneurship

The act of behaving like an entrepreneur while working within a large organization, involving taking initiative and innovating to introduce new products, services, or processes.

New Ideas

Concepts, thoughts, or approaches not previously considered.

Demographic Characteristics

Demographic characteristics refer to the statistical aspects of populations, such as age, gender, income level, education, and ethnicity, often used in research for analysis.