Which of the Following Is Not a Reason for the Jones

question 7

Multiple Choice

Which of the following is not a reason for the Jones Hardware Store to accept credit cards from customers?

• A)Jones can receive its money faster than if it directly extended credit to the customer by an account receivable.
• B)The credit card company offers a discount to Jones so that Jones will have more money available for operations.
• C)Jones will not have to be concerned with nonsufficient funds checks from customers.
• D)Jones will not have to have extra office workers to make phone calls to customers requesting collections on accounts.

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Definitions:

Population Growth

The increase in the number of individuals in a population, usually expressed as a percentage of the total population per year.

Consumption Per Person

A measure of the average amount of goods and services consumed by each person within a specific population.

World Commodity Prices

The prices at which basic products, which are traded globally, are sold and bought in the international markets.

Short Run

(1) In microeconomics, a period of time in which producers are able to change the quantities of some but not all of the resources they employ; a period in which some resources (usually plant) are fixed and some are variable. (2) In macroeconomics, a period in which nominal wages and other input prices do not change in response to a change in the price level.