If a Company Did Not Extend Credit to Customers

question 21

Multiple Choice

If a company did not extend credit to customers:

• A) gross revenue would rise.
• B) costs would rise but so would its revenue.
• C) costs would fall but so would its revenue.
• D) gross profit would rise.

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Definitions:

Discovery Plan

A plan formed by the attorneys litigating a lawsuit on behalf of their clients that indicates the types of information that will be disclosed by each party to the other prior to trial, the testimony, and evidence that each party will or may introduce at trial, and the general schedule for pretrial disclosures and events.

Pretrial Disclosures

Information exchanged between parties before trial, including evidence and witness lists, pursuant to legal procedures.

Discovery Costs

The expenses incurred in the process of gathering evidence and information for a legal case.

Motion for Summary Judgment

A legal request asking the court to decide a case based on the facts that are not in dispute, thereby avoiding a full trial.