Which One of the Following Is the Least Likely to Reduce

question 82

Multiple Choice

Which one of the following is the least likely to reduce a company's total collection time?

• A) Assigning additional staff in the morning to process incoming payments
• B) Establishing preauthorized payments from customers
• C) Opening a post office box so mail can be received earlier in the morning
• D) Providing a discount for customers who pay electronically
• E) Depositing funds only at day's end

Understand psychological theories relating to prejudice, stereotype reduction, and intergroup relations.

Recognize the significance of core characteristics including cultural and demographic features in shaping life experiences.

Understand the interdisciplinary approach towards studying culture utilizing psychological and sociological theories.

Analyze concepts of individualism and collectivism in the context of conflict management and cultural orientation.

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Definitions:

Demand

The level of demand for a good or service, depending on consumers' readiness and capacity to buy at various prices.

Equilibrium

A state in an economy or market where demand equals supply, and there is no tendency for change.

Complements

Goods or services that are used together, where the increase in the demand for one leads to an increase in the demand for the other.

Substitutes

Goods or services that can replace each other in usage, providing similar utility to the consumer.