Which One of the Following Customers Is Most Apt to Be

question 290

Multiple Choice

Which one of the following customers is most apt to be granted the most liberal credit terms?

• A) One-time customer who will not be returning.
• B) One-time customer who has the potential of being a large volume customer.
• C) Long-standing cash customer who buys in small volume.
• D) Repeat customer who will always be a small volume customer.
• E) Repeat customer who has the potential of being a large volume customer.

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Definitions:

Independent

Free from outside control or influence, able to make decisions or act according to one's own principles.

Homeowner's Policy

An insurance policy providing coverage for damage to a person's home and possessions within, as well as liability for accidents that occur in the home or on the property.

Independent

A term in statistics that describes two or more variables which do not influence or affect each other.

Independent

Not influenced by or connected to others; in statistics, it often implies that variables are not correlated.