ABC Corp Extends Credit Terms of 45 Days to Its Customers

question 33

Multiple Choice

ABC Corp. extends credit terms of 45 days to its customers. Its credit collection would beconsidered poor if its average collection period was

• A) 47 days.
• B) 57 days.
• C) 36 days.
• D) 30 days.

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Definitions:

Electronic Media

Platforms or channels of communication that utilize electronic technology, including television, radio, and the internet.

Regulatory Function

The act of controlling, directing, or managing activities, especially by rules and restrictions, often performed by government agencies.

FCC

The Federal Communications Commission, an independent U.S. government agency responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable.

Public Affairs

Matters that involve the government and its policies, and how these interact with the public or influence society.