The Credit Term 2/10,n/30 Means

question 84

Multiple Choice

The credit term 2/10,n/30 means:

• A)That after 10 days 2% interest is charged.
• B)That there is a 10% discount if payment is received within 30 days.
• C)That there is a 2% discount if payment is received within 10 days,otherwise,full payment is due within 30 days.
• D)There is a 10% discount if paid immediately and 2% if paid within 30 days.

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Definitions:

Potential

Refers to the capacity or ability that exists within a person or system that has yet to be utilized or expressed.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior.

Abraham Maslow

A pioneering psychologist best known for creating Maslow's hierarchy of needs, a theory in human psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Fulfil Potential

The process of realizing or achieving one's maximum capabilities or possibilities in any given area or field.