The ____ Measures the Promptness with Which Customers Repay Their

question 34

Multiple Choice

The ____ measures the promptness with which customers repay their credit obligations.

• A) bad-debt loss ratio
• B) average collection period
• C) credit term
• D) cash discount

---

Definitions:

Measured GDP

The calculated gross domestic product based on data and statistics collected within a specified period, reflecting the economic activity of a country.

Restaurant Meals

A service provided by restaurants where consumers pay to be served prepared food for consumption on the premises.

Value Added

The increase in the value of goods or services as a result of a particular process or activity, measuring the contribution of the process to the overall economy.

Final Goods

Products that have completed the manufacturing process and are sold to the final consumer.