Final answer:
It is true that you can apply a 2% discount if you pay a vendor within 10 days under the given payment terms of 2% 10 Net 30, leading to savings over time.
Step-by-step explanation:
The statement is true. If a vendor offers 2% 10 Net 30 terms, it means that you can take a 2% discount on the invoice amount if you pay within 10 days. However, if the payment is made after 10 days, the full amount is due within 30 days, without any discount. It is important to take advantage of such discounts as they can lead to significant savings over time.