Use a Day Counting Table to Determine the Due Date

question 30

Multiple Choice

Use a day counting table to determine the due date of the loan if the loan is made on the given date for the given number of days.
-January 17 for 150 days (the year is a leap year)

• A) June 16
• B) June 18
• C) June 17
• D) June 15

---

Definitions:

Philip Crosby

An influential figure in the quality management field known for his work on improving organizational quality.

Conformance

The act of matching or complying with certain standards, rules, or norms, often to meet requirements or maintain quality and consistency.

Service Characteristics

Service Characteristics are features that differentiate services from goods, including intangibility, inseparability, variability, and perishability.

Intangible

Lacking physical substance, often referring to things that cannot be touched but have value, like brand reputation or intellectual property.