Steps Taken to Reduce Losses from Credit Sales Do NOT

question 76

Multiple Choice

Steps taken to reduce losses from credit sales do NOT include

• A) Investigating each customer's credit rating.
• B) Reducing the number of purchases made each month.
• C) Allowing a cash discount for prompt payment.
• D) Prompt follow up investigation when expected payments are not received.

---

Definitions:

Puritan Orthodoxy

The strict adherence to the religious and social practices and beliefs of the Puritans, who sought purity of worship and doctrine, and were influential in the early settlement of New England.

Direct Communication

The process of conveying information or messages between parties without the use of intermediaries or media, ensuring clarity and immediacy in the exchange.

Covenant of Grace

A theological term used in Christian doctrine that denotes an agreement between God and humanity in which salvation is offered through faith in Christ.

Puritan Congregationalists

Members of a Protestant sect that arose in the 16th century advocating strict religious discipline along with the simplification of the ceremonies and creeds of the Church of England.