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.

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Definitions:

Health Status

An individual's overall condition of body and mind in terms of the presence or absence of illness, disability, and the ability to function physically and mentally.

Alleviate Symptoms

Actions or treatments aimed at reducing the severity of symptoms associated with an illness or condition.

Personal Factor

An individual's characteristics, traits, or attributes that can influence their behavior, attitudes, and responses in various situations.

Ethnic Group

Groups of individuals united by distinct cultural, linguistic, or historical traits.