What Does "2/10" Mean,with Respect to "Credit Terms of 2/10,n/30

question 16

Multiple Choice

What does "2/10" mean,with respect to "credit terms of 2/10,n/30"?

• A) A discount of 2 percent will be allowed if the invoice is paid within 10 days of the invoice date.
• B) Interest of 2 percent will be charged if the invoice is paid after 10 days from the date on the invoice.
• C) A discount of 10 percent will be allowed if the invoice is paid within two days of the invoice date.
• D) Interest of 10 percent will be charged if invoice is paid after two days.

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Definitions:

Individual Rights

Fundamental freedoms and protections that belong to each person, ensuring fair treatment under the law and society.

Teleology

A philosophical approach that explains phenomena by their ends or purposes, emphasizing that actions and entities are goal-directed.

Desired Result

The specific outcome or goal that an individual or organization aims to achieve through their actions or strategies.

Self-Interest

The pursuit of personal gain or advantage, often considered in the context of how it influences human behavior and decision-making.