York Department Store Does 50 Percent of Its Business on Credit

question 83

Multiple Choice

York Department Store does 50 percent of its business on credit and frequently has to tolerate slow-paying customers and those who simply do not pay. Now it would like to facilitate immediate cash purchases for customers who don't like to write checks or to carry much cash with them. What would you recommend?

• A) Buy an automated teller machine for the store.
• B) Use an automated clearinghouse.
• C) Buy a point-of-sale terminal for the store.
• D) Use an electronic bank teller.
• E) Tell the customers that when they are billed they must send a check or use the bill-payment-by-telephone procedure.

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Definitions:

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Substances or materials that do not pose any risk of poisoning or harm to humans, animals, or the environment.

Compatibility

The extent to which two or more things are able to exist or perform together in combination without conflict or inconsistency.

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