Extending credit to a customer has three major components:

A) a policy on how customers will qualify for credit, a policy on the payment plan allowed creditors, and a policy for collecting overdue bills.
B) a policy on how customers will qualify for credit, a policy on paying commissions on sales, and a policy for collecting overdue bills.
C) a policy on how customers will qualify for credit, a policy on the payment plan allowed creditors, and a policy on accounting for depreciation.
D) a policy on how customers will qualify for credit, a policy on accounting for depreciation, and a policy on paying commissions on sales.


Answer: A

Business

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Due to political upheaval in the Middle East, in spring 2011, Procter & Gamble was forced to briefly close plants in Egypt that supply products for South Africa

Indicate whether the statement is true or false

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Which of the following is not a reason that first movers are better positioned to satisfy their customers? 

A. They have a chance to select and secure the most attractive segments of the market B. They have less uncertainty over the nature of the market C. They have the chance to position themselves at the center of the market D. They have a chance to establish their product as the industry standard

Business

Refer to the data given for production and shipping costs for Auto Parts, Inc. Solve the transportation problem using Excel Solver. (Remember that in balanced transportation problems all constraints—except the non-negativity constraints of the decision variables—should be set as an equal-to (=) sign in the Excel Solver dialogue.) At the optimum solution, the costs for production and shipping from Kolkata to Naples is ______.


a. $42,120
b. $26,080
c. $123,743
d. $160,132

Business

For a 99% confidence interval of the population mean based on a sample of n = 25 with s = 0.05, the critical value of t is:

A. 2.7969 B. 2.7874 C. 2.4922 D. 2.4851

Business