In Order to Take Advantage of the Time Value of Money

question 39

Multiple Choice

In order to take advantage of the time value of money you should do all of the following, except

• A) pay bills electronically so you can delay payments and still ensure on-time payment.
• B) pay bills a little later than the due dates to take advantage of month-ending interest on your savings account.
• C) use settings on many bill-paying Web sites that allow you to set a future date for payment once you receive a bill.
• D) make use of your money while you have it, but always make payments by the due dates.

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Definitions:

Sales Position

A role within a company that focuses on promoting and selling the company’s products or services to customers.

Territory

An area of land under the jurisdiction of a ruler or state, or in commercial terms, designated geographic boundaries assigned to sales representatives or distributors.

Ethical Problems

are dilemmas or situations that require a choice to be made between actions that are right or wrong according to moral principles.

Corporate Sales Policies

Guidelines and principles set by a corporation to standardize and direct its sales practices, ensuring coherence and efficiency in sales operations.