The Terms of an Invoice Are 3/10, N/25

question 32

Multiple Choice

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

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

---

Definitions:

Self-Test

An automated procedure used by electronic and mechanical systems to check their operational status and functionality.

Pulse Wheel Generator

A device that generates electrical pulses based on the rotation of a wheel, typically used in automotive applications for measuring speed or position.

ABS System

The Anti-lock Braking System, designed to help prevent the wheels on a vehicle from locking up while braking, allowing the driver to maintain more control during emergency stops.

Rotational Speed

The number of rotations per unit time, usually measured in revolutions per minute (RPM).