Lancer Wholesale Company Wants to Improve Cash Flow

question 168

Multiple Choice

Lancer Wholesale Company wants to improve cash flow. Which of the following strategies would be most likely to help Lancer achieve this objective?

• A) Relaxing its credit policy for new customers
• B) Offering cash discounts to buyers who pay their accounts promptly
• C) Accepting IOUs from customers who buy in large quantities
• D) Offering extended payment plans to qualified buyers

---

Definitions:

Kwame Touré

Previously known as Stokely Carmichael, a prominent figure in the civil rights movement who later became a leader in the Black Power movement.

Conakry

The capital and largest city of Guinea, serving as an administrative, financial, and cultural center of the country.

Guinea

A country in West Africa, known for its natural resources, diverse ethnic groups, and as the site of the Mandela Plan during the decolonization of Africa.

Minister of Defense

A member of a government in charge of overseeing the armed forces and ensuring national security.