Which Two of the Following Are the Key Elements in Determining

question 46

Multiple Choice

Which two of the following are the key elements in determining whether or not a switch from a no-credit policy to a credit policy is advisable?
I.variable cost per unit
II.cash discount percentage
III.credit price
IV.default rate

• A)I and III only
• B)II and IV only
• C)II and III only
• D)I and IV only
• E)III and IV only

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Definitions:

Capitalistic

Pertaining to capitalism, an economic system characterized by private or corporate ownership of goods and the means to produce them.

Entrepreneurial System

A societal structure or framework that supports and promotes the creation, growth, and success of new business ventures and entrepreneurship.

Physician Extenders

Health care providers who are not physicians but who perform medical activities typically done by physicians, under supervision.

Office Assistants

Professionals responsible for administrative tasks and support in an office setting to ensure smooth operations.