A/An _____ Involves Sending a Preliminary Survey to Suppliers

question 39

Multiple Choice

A/An _____ involves sending a preliminary survey to suppliers.

• A) request for quotation
• B) request for information
• C) purchase order
• D) order release
• E) All of the above.

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of a company's receivables that might not be collected, reducing the total value of accounts receivable by a corresponding amount.

Credit Sales

Sales made on credit, meaning payment is to be received after the delivery of goods or services.

Credit Card Discount

Fee charged by the credit card company for its services.