The Potential Disadvantages of Extending Credit Include All of the Following

question 52

Multiple Choice

The potential disadvantages of extending credit include all of the following except:

• A)increased bad debt costs.
• B)customers buying too much.
• C)the need to hire employees to undertake collection efforts.
• D)higher wage costs in the accounting department.

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Definitions:

Milestones

Key points or events in a project that mark significant progress or achievements, often used as checkpoints for project status.

Client Expectations

The anticipations or beliefs regarding the performance or delivery of services that a customer holds.

Project Purpose Statement

A brief description that outlines the objectives and goals of a project, clarifying what it aims to achieve.

Last Phases

The final stages in a process, project, or lifecycle, typically involving completion, evaluation, and closure activities.