The Statement Concerning Trade Credit That Is True Is

question 33

Multiple Choice

The statement concerning trade credit that is true is:

• A) In most businesses an extra charge is made to those who choose to pay on credit.
• B) One business' trade creditor is the other's trade debtor.
• C) In a period of inflation it is better to pay off goods bought on credit faster.
• D) All of the statements are true.

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Definitions:

Cost-volume-profit Analysis

A financial analysis tool that helps in determining the effect of changes in costs and volume on a company's profit.

PERT

An acronym for Program Evaluation and Review Technique, a statistical tool used in project management, designed to analyze and represent the tasks involved in completing a given project.

Pareto Analysis

A method used in quality control and business to identify the few critical causes that account for most of an effect, enabling prioritization of effort.

Project Life Cycle

The series of phases that a project goes through from its initiation to its closure.