Which One of the Following Statements Is Correct Concerning the Length

question 25

Multiple Choice

Which one of the following statements is correct concerning the length of the credit period?

• A) Credit periods are relatively constant across industries.
• B) A seller's credit period is not affected by the buyer's inventory cycle.
• C) The buyer's operating cycle affects the length of a seller's credit period.
• D) A seller's credit period should be longer than the buyer's operating cycle.
• E) A seller's credit period should approximate the length of the buyer's receivables period.

Understand the factors that increase the tendency to conform.

Recognize techniques to reduce cognitive dissonance.

Differentiate between compliance and obedience.

Comprehend the basis of the realistic conflict theory.

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Definitions:

Governor Cut-in Pressure

The specific air pressure level at which an air compressor’s governor allows the compressor to start building air pressure in a pneumatic system.

Tractor Spring Brake

A braking system used in heavy vehicles like tractor-trailers, which utilizes spring pressure for parking and emergency brake applications.

Service Braking

Refers to the primary braking system used for normal vehicle deceleration and stopping.

Park Braking

A mechanical system designed to lock a vehicle's wheels when parked to prevent it from rolling.