Which One of the Following Statements Related to Credit Periods

question 21

Multiple Choice

Which one of the following statements related to credit periods is correct?

• A) Longer credit periods are granted for sales of perishable items.
• B) Inexpensive goods tend to have longer credit periods.
• C) Smaller accounts tend to have longer credit periods.
• D) Sellers may offer different credit periods to different customers.
• E) Newer products tend to have shorter credit periods.

Apply statistical concepts to make decisions in hypothetical scenarios.

Understand the properties of normal distribution through practical examples.

Identify and understand various facilitative interventions and their purposes.

Master the skill of providing constructive feedback and its significance in facilitation.

---

Definitions:

Economic Inequality

The unequal distribution of wealth, income, or economic resources among participants in an economy.

Tax Returns

Official documents filed with a government body that reports income, expenses, and other pertinent tax information.

Real Income

The amount of goods and services that can be bought with a unit of currency, adjusted for inflation or price changes over time.

Income Mobility

The ability of an individual, family, or some other group to improve (or lower) their economic status—often measured by income—over time.