When Customers Make Purchases with a National Credit Card the Retailer

question 182

Multiple Choice

When customers make purchases with a national credit card the retailer

• A) is responsible for maintaining customer accounts.
• B) is not involved in the collection process.
• C) absorbs any losses from uncollectible accounts.
• D) receives cash equal to the full price of the merchandise sold from the credit card company.

Differentiate between types of goals and their implications on team and individual performance.

Understand the different focuses in coaching and their impact on team effectiveness.

Recognize and respond appropriately to norm violations within teams.

Understand the differentiation between capacity and capability problems in task management.

---

Definitions:

Installment Note

A debt instrument that requires the borrower to make regular payments (installments) of principal and interest over a set period until the total debt is paid.

Journal Entry

A record in the books of accounts that represents a transaction and its effect on various accounts.

Interest Expense

The financial charge for an entity using borrowed capital over a time frame.

Notes Payable

Short-term or long-term liabilities representing amounts owed on written promises to pay a specific sum of money at a future date.