The Policy Criterion of ______ Refers to the Assessment of How

question 21

Short Answer

The policy criterion of ______ refers to the assessment of how well a policy works relative to the cost of adopting that policy.

---

Definitions:

Sales Discount

A reduction in the price of goods or services offered to customers, usually as an incentive for prompt payment.

Credit Sales

Credit sales are transactions where the customer purchases goods or services with the agreement to pay at a later date, typically invoiced by the seller.

Prompt Payment

The act of settling a financial obligation on or before its due date.

Sales Returns

Transactions involving the return of sold goods from the customer to the seller, often resulting in a refund or credit.