Extending the Credit Period Granted, with All Other Components of the Credit

question 62

Multiple Choice

Extending the credit period granted, with all other components of the credit policy remaining unchanged, will most likely cause:

• A) a decrease in bad debts.
• B) a decrease in debtors.
• C) a decrease in sales.
• D) none of the above.

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Definitions:

Spelled Correctly

Indicates that words have been written with the proper arrangement of letters according to language standards or dictionary definitions.

Stipend

A fixed, regular payment, often provided to students, interns, or professionals for services rendered, usually not constituting a salary.

Spelled Correctly

The condition of having all letters in a word arranged in the correct sequence according to standard orthography.

Halfs

Incorrect plural form of "half," which refers to one of two equal parts that something can be divided into.