A General Rule to Use in Assessing the Average Collection

question 187

Multiple Choice

A general rule to use in assessing the average collection period is that

• A) it should not exceed 30 days.
• B) it can be any length as long as the customer continues to buy merchandise.
• C) it should not greatly exceed the discount period.
• D) it should not greatly exceed the credit term period.

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Definitions:

Mental Disorders

Health conditions characterized by alterations in thinking, mood, or behavior (or some combination thereof) associated with distress and/or impaired functioning.

Psychological Disorders

Mental disorders characterized by significant disturbances in an individual's thoughts, emotions, or behavior.

Natural Selection

A process by which species evolve over time as individuals with traits better suited to their environment are more likely to survive and reproduce.

Survival

The ability of an organism to continue existing and reproducing under changing environmental conditions.