Which One of the Following Actions Will Tend to Increase

question 45

Multiple Choice

Which one of the following actions will tend to increase the accounts receivable period from its current 14 days?

• A) Tightening the standards for granting credit to customers
• B) Refusing to grant additional credit to any customer who pays late
• C) Increasing the finance charges applied to all customer balances outstanding over 30 days
• D) Granting discounts for cash sales
• E) Eliminating the discount for early payment by credit customers

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Definitions:

Explicit Memory

Memory of facts and experiences that one can consciously know and declare.

Declarative Memory

Memory that involves the recall of specific facts or events that can be verbally expressed, including episodic and semantic memory.

Neurotransmitter

Biochemical substances that transmit nerve impulses across a synapse from one nerve cell to another.

Synapses

The junctions between neurons through which signals are transmitted from one neuron to another.