When You See the Message That a Sale Will Cause

question 26

Multiple Choice

When you see the message that a sale will cause the customer to exceed the credit limit,you should -

• A)cancel the sale
• B)call security to escort the customer from the store
• C)ask the customer to pay for the sale item by cheque
• D)not necessarily do any of the above

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Definitions:

Patents

Exclusive rights to produce and sell goods with one or more unique features.

Net Income

The total profit or loss a company generates from its operations over a specific period after all expenses have been subtracted from revenues.

Operating Activities

The element of a company's cash flow statement that represents the cash flow from regular business operations.

Gain

An increase in wealth or resources, typically recognized when assets are sold for more than their carrying amount.