What Is Meant by the Term 1

question 41

Multiple Choice

What is meant by the term 1.5/14 net 30?

• A) If the invoice is paid within 14 days, a discount of 1.5 percent can be taken; otherwise the invoice is due in 30 days.
• B) If the invoice is paid within 30 days, a discount of 14 percent can be taken; otherwise the invoice is due 14 days after that day.
• C) If the invoice is paid within 1.5 days, a discount of 14 percent can be taken; otherwise the invoice is due in 30 days.
• D) If the invoice is paid right away, a discount of 14 percent can be taken; otherwise a discount of 1.5 percent can be taken if paid within the next 30 days.

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Definitions:

Intrinsic Motivation

The drive to engage in activities for their own sake and personal rewards, rather than for some external compensation.

Maslow's Hierarchy

A psychological theory proposing a five-tier model of human needs, from basic (such as food and shelter) to more complex (such as self-actualization), which people are motivated to achieve in a hierarchical order.

Sequential Order

The arrangement of objects, events, or ideas in a specific linear sequence based on some criteria, often time or priority.

Self-Actualization

The process of actualizing one's inherent talents and possibilities, viewed as an essential urge or need across all individuals.