Which One of the Following Statements Is Correct

question 85

Multiple Choice

Which one of the following statements is correct?

• A) If the majority of a firm's new customers become repeat customers, then there is a strong argument against extending credit even if the default rate is low.
• B) A customer's past payment history reveals little information in relation to his or her future tendency to pay.
• C) A suggested policy for offering credit to new customers is to limit the amount of their initial credit purchase.
• D) The risk of issuing credit is the same for a new customer as it is for an existing customer.
• E) The recommended policy for new customers is to extend an offer of a high credit limit as an enticement to get their business.

Identify the liability of partners for partnership losses resulting from various actions.

Understand the rights of partners to be indemnified for personal expenditures on behalf of the partnership.

Recognize the entities' liability for torts committed by partners within the scope of partnership business.

Understand partnership authority types (express, implied, apparent) and management powers.

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Definitions:

Stressor

A stressor is any external or internal factor that causes stress to an individual, potentially affecting their mental and physical health.

Effective Communication

The process of exchanging information or ideas in a way that is received and understood as intended.

Health-care Providers

Professionals or organizations that offer medical services, treatments, advice, and support to individuals to maintain or improve their health.

Medical Visits

Appointments or consultations with healthcare professionals for the purpose of receiving medical advice, diagnosis, or treatment.