One drawback of offering liberal credit to customers is that it can:
A. delay sales to a future period.
B. increase the cost of credit to customers.
C. delay the receipt of cash that the firm needs to meet its financial obligations.
D. decrease sales by the extension of credit and cause a loss to the company.
Answer: C
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Swapping, exchanging, bartering, and collective purchasing are examples of:
A) The shared economy B) Social impact investing C) A social licence D) Social finance E) Social innovation
A contingent liability is recorded in the accounting records
A) if the contingency has not been described already in the notes to the financial statements. B) if it possibly will become an actual liability and the exact amount is known. C) under no circumstances. D) if it probably will become an actual liability and the amount can be reasonably estimated.
An example of environmental dumping is not found in the
A. nuclear waste shipments to developing nations. B. recycling and processing of Virginia garbage to yield fuel and fertilizer. C. garbage shipments from New Jersey to developing nations. D. maquiladora plants of Mexico, located near the U.S. border and operating at lower environmental standards than would be required in the U.S.
In an attempt to increase unionism, unions are now targeting low-wage service workers.
Answer the following statement true (T) or false (F)