Sellers Allow Customers to Use Credit Cards for All of the Following

question 83

Multiple Choice

Sellers allow customers to use credit cards for all of the following reasons except:

• A)To be able to charge more due to fees and interest.
• B)To lessen the risk of extending credit to customers who cannot pay.
• C)To speed up receipt of cash from the credit sale.
• D)To increase total sales volume.
• E)To avoid having to evaluate a customer's credit standing for each sale.

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Definitions:

POM

Production and Operations Management, which focuses on the process of producing goods and managing the operations of a manufacturing or service organization.

Supply Chain

The entire system of producing and delivering a product or service, from the raw material stage to the final customer.

HR

Human Resources, the department in a company that is focused on activities related to employees, including recruitment, training, and compliance.

Accounting and Financial

Pertaining to the systematic recording, reporting, and analysis of financial transactions and positions of a business or individual.