The Annual Cost of Not Taking Advantage of the 3/10,net

question 49

Multiple Choice

The annual cost of not taking advantage of the 3/10,net 30 terms offered by a supplier is (hint: use $1.00 as the invoice amount and a 360-day year) :

• A)55.7%.
• B)45.4%.
• C)32.3%.
• D)28.2%.

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Definitions:

Function

The specific role or purpose that something is designed or expected to perform.

Cultural Variation

The differences in norms, values, beliefs, and practices among people from different societies or cultural groups.

Organizational Behaviour

The study of how people interact within groups, particularly in a work setting, aiming to understand and improve job performance and satisfaction.

Values

Core beliefs or standards that guide and motivate attitudes and actions, reflecting what is important to an individual or organization.