Some S Are P

question 209

Multiple Choice

Some S are P. (Boolean standpoint) After filling in the Venn diagram,

• A) There is an X in Area 3.
• B) Area 1 is shaded, and there is an X in Area 2.
• C) There is a circled X in Area 2.
• D) There is an X in Area 2, and there are no other marks.
• E) There is an X in Area 1, and there are no other marks.

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Definitions:

Collections Float

The time gap between when a check is deposited in a bank and when the funds become available, affecting the cash flow of the business.

Credit Department

The division within a company or financial institution that is responsible for managing customer credit and collecting payments.

DSO

Days Sales Outstanding (DSO) is a measure of the average number of days that it takes a company to collect payment after a sale has been made.

Money

An officially issued legal tender that typically includes coins and paper notes, used as a medium of exchange for goods and services.