Credit Terms of 2/10, N/30 Indicate That a Discount of 2

question 38

True/False

Credit terms of 2/10, n/30 indicate that a discount of 2% will be given if payment is made within 10 days of the invoice date. Otherwise, the total invoice amount is due within 30 days after the invoice date.

Identify various strategies for achieving competitive advantage, including service quality, customer service, and product innovation.

Recognize the relationship between operating efficiencies, productivity, and competitive advantage.

Define technology in the context of organizational operations and output transformation.

Describe the principles of sustainable and environmentally responsible manufacturing practices.

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Definitions:

Job Satisfaction

The level of contentment employees feel about their work, which can influence their motivation, performance, and retention.

Contingent Time Off

Time off from work that is not planned in advance and depends on certain conditions being met.

Quota

A limited or fixed number or amount of something, especially one officially allocated.

Specified Time Range

A defined period during which certain actions are taken or certain conditions apply, often set for achieving goals or completing projects.