Which of the Following Does Not Bear on the Quality

question 57

Multiple Choice

Which of the following does not bear on the quality of receivables?

• A) shortening the credit terms
• B) lengthening the credit terms
• C) right of return privilege
• D) lengthening the outstanding period
• E) all of the answers bear on the quality of receivables

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Definitions:

Original Owners

The initial owners of an asset, property, or enterprise before any transfers of ownership.

Rustbucket

A term often used to describe an old, deteriorating vehicle or machinery that is in poor condition and possibly nearing the end of its useful life.

Used Cars

Pre-owned vehicles that have previously had one or more retail owners, available for purchase in the secondary market.

Equilibrium

A condition or state where economic forces such as supply and demand are balanced and, in the absence of external influences, the values of economic variables do not change.