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:

PTSD

Post-Traumatic Stress Disorder; a mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Exposure And Response Prevention

A cognitive-behavioral therapy technique used particularly for OCD, where patients are exposed to their fear triggers and taught to refrain from their compulsive responses.

Contamination

The presence or introduction of harmful substances or pathogens in a certain environment, object, or individual, leading to pollution or infection.

Cognitive-Behavioral Theories

A group of theories that suggest that psychological problems are partly due to faulty or negative patterns of thinking and behavior.