When a Buyer Receives an Invoice for $100 with Terms

question 80

Multiple Choice

When a buyer receives an invoice for $100 with terms of "2/15 net 30" he can expect to pay:

• A) $100 if he pays anytime in the first 30 days.
• B) less than $100 if he pays during the first 15 days.
• C) $100 if he pays anytime during the first fifteen days.
• D) more than $100 if he pays from day fifteen through day thirty.
• E) the full $100 if he waits more than 30 days to pay.

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Definitions:

Scripts

Knowledge structures that define situations and guide behavior.

Schemas

Mental frameworks that help individuals organize and interpret information, based on their experiences and beliefs.

Social Cognition

The study of how people process, store, and apply information about other people and social situations, influencing their perceptions, attitudes, and behaviors.

Priming

Activating an idea in someone’s mind so that related ideas are more accessible.