Which of the Following Is Not Correct

question 31

Multiple Choice

Which of the following is not correct?

• A) A more aggressive collection policy will reduce bad debt expenses, but may also decrease sales.
• B) Collection policy usually has little impact on sales since collecting past-due accounts occurs only after the customer has already purchased.
• C) Typically a firm will turn over an account to a collection agency only after it has tried several times on its own to collect the account.
• D) A lax collection policy will frequently lead to an increase in accounts receivable.
• E) Collection policy is how a firm goes about collecting past-due accounts.

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Definitions:

Higher Safety Standards

Enhanced or elevated measures and regulations implemented to ensure the well-being and protection of individuals and environments.

Carbon Emissions Per Capita

A measure of the total amount of carbon dioxide emissions produced by a country, divided by the country's population, indicating the average carbon footprint per person.

Continent

One of the large landmasses on the earth's surface, traditionally counted as seven in number.

Modern Plague

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