_____ Are Specific Repayment Conditions as to How Long Customers

question 1

Multiple Choice

_____ are specific repayment conditions as to how long customers have to pay bills and the amount of cash discount allowed.

• A)Credit credentials
• B)Credit terms
• C)Revolving accounts
• D)Liability procedures
• E)Sales terms

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Definitions:

Work Process

The sequence of tasks or activities executed to achieve a specific objective, often involving inputs, throughputs, and outputs within an organizational setting.

Value

Represents the importance, worth, or usefulness of something, often evaluated in terms of economic, social, or personal metrics.

Customer

An individual or entity that purchases goods or services from a business.

Organisational Forms

Different structures and designs that organizations adopt based on their goals, strategies, and external environment.