Which of the Following Statements Is Correct

question 37

Multiple Choice

Which of the following statements is correct?

• A)The optimal credit policy is determined primarily by the industry in which the firm operates and by current economic conditions.
• B)Normally, when a credit sale is made, inventory is reduced by the cost of goods sold and an equal amount is credited to accounts receivable.
• C)A typical business credit report provides sufficient information to eliminate the need for informed human judgment in the credit decision.
• D)A customer's credit quality is usually determined in terms of the probability of the customer's default.
• E)Computers have had a significant effect in increasing efficiency in the areas of payroll and inventory, but have had little impact in accounts receivable management.

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Definitions:

Membranous Urethra

A section of the urethra that runs through the urogenital diaphragm, connecting the prostatic to the spongy urethra.

Genital Papilla

A small, fleshy protrusion found in the genital area of females of certain species, including fish and amphibians, often covering the opening of the urethra or vagina.

Urogenital Orifice

An anatomical term referring to the external opening through which urinary and genital systems discharge in certain animals.

Urogenital Sinus

A part of the embryonic development in mammals where the urinary and genital tracts are combined into a single channel.