Which of the following would not be considered a government or nonprofit organization?
A. A software company that sells software exclusively to state and local governments.
B. A public elementary school.
C. A church.
D. A private trust organized for charitable purposes.
Question 2
Which of the following statements is true about a purchase made with the credit terms of 2/10, n/30?
a. If a company does not make payment within 10 days, the discount will not apply.
b. If the company makes a payment within 30 days, a 2 discount will apply.
c. If a company makes a payment between 10 and 30 days, a 2 discount applies.
d. None of these statements are true.
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