What Is the Meaning of the Term 2/10 Net 30

question 40

Multiple Choice

What is the meaning of the term 2/10 net 30?

• A)If the invoice is paid within 10 days a 2% discount can be taken.If the invoice is paid between 11 and 29 days a 1% discount can be taken.After 30 days the full invoice is due.
• B)If the invoice is paid within 2 days a 10% discount can be taken,otherwise the full invoice is due in 30 days.
• C)If the invoice is paid within 2 days a 10% discount can be taken,otherwise a 2% discount can be taken if the invoice is paid in 30 days.
• D)If the invoice is paid within 10 days a 2% discount can be taken,otherwise the full invoice is due in 30 days.
• E)If the invoice is paid within 2 days a 30% discount can be taken,otherwise the full invoice is due in 10 days.

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Definitions:

Complex Adaptive Systems

are systems made up of multiple interacting components that are able to adapt and evolve in response to changes in the environment.

Ethical Climates Theory

A theory that suggests the moral atmosphere within an organization influences employees' ethical behavior.

Norm

A standard or rule governing behavior that is considered acceptable within a group or society.

Standard

A set of criteria or benchmarks established to ensure quality, consistency, or performance in products, services, or processes.