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:

Ethical

Pertaining to moral principles or values that govern an individual's or group's behavior.

Whistle-blowers

Individuals who expose unethical, illegal, or corrupt practices within an organization to the public or to those in positions of authority.

Offending Organization

An organization that has violated norms, laws, or ethical standards and faces societal, legal, or institutional backlash as a result.

External Locus

A psychological perspective where individuals attribute outcomes and events to external factors or forces beyond their control.