________ Is Less Expensive, Faster, and More Flexible Than Other

question 34

Multiple Choice

________ is less expensive, faster, and more flexible than other methods of data collection.

• A) Mail surveying
• B) Telephone surveying
• C) The mall intercept
• D) The focus group
• E) Online data collection

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Definitions:

Receivables Period

is the average number of days it takes for a business to collect payments from its customers after a sale has been made, indicating the efficiency of its credit and collection policies.

Credit Sales

Transactions where the customer buys goods or services on account, paying the supplier at a later date.

COGS

The specific costs tied to manufacturing goods that a business sells.