An Invoice Marked 3/12 Net 30 Means That You Can

question 2

True/False

An invoice marked 3/12 net 30 means that you can take a 3% discount if you pay the bill in 12 days but you must pay the entire balance in 30 days.

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Definitions:

Expert Power

Influence and authority derived from possessing extensive knowledge or expertise in a particular area.

Referent Power

Influence based on being admired or respected, allowing individuals to persuade others because of their personality, integrity, or other attractive traits.

Coercive Power

The ability to influence others' behavior by threats, punishment, or negative reinforcement.

Reward Power

The ability of an individual to influence others' actions by controlling the allocation of rewards.