Which Is the Most Effective Statement in a Letter to a Customer

question 3

Multiple Choice

Which is the most effective statement in a letter to a customer denying credit? 

• A)To learn more about your credit record, log onto http://www.ftc.gov/freereports to obtain your free credit reports.
• B)Your credit history report shows that you are a completely unacceptable applicant.
• C)Perhaps if you were a more stable and responsible person, we would be able to grant you credit.
• D)Please take your business elsewhere.

---

Definitions:

Adjusting Journal Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the correct period.

Stock Investments

Stock investments refer to the purchasing of shares in companies as a means of owning a portion of the company and potentially earning dividends or capital gains.

Journal Entries

The recordings of financial transactions in an accounting system which form the basis of building financial statements.

Semiannual Interest Payments

Semiannual interest payments refer to the practice of paying interest on a loan or bond twice a year.