Companies Are Always Looking for Ways to Save Time

question 156

Multiple Choice

Companies are always looking for ways to save time. Which of the following are ways to save time to accomplish this goal?

• A)Travel to meet more customers face-to-face.
• B)Increase record keeping.
• C)Develop better call and routing plans.
• D)Reduce the number of customers each sales rep must visit.
• E)Supply more customer information.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, represented as interest payments on debts such as loans, bonds, or lines of credit.

Discount

The excess of the face amount of bonds over their issue price or the excess of the par value of stock over its issue price.

Premium on Bonds Payable

The amount by which a bond's selling price exceeds its face value or par value.

Contract Rate

This term typically refers to the interest rate agreed upon in a financial or loan agreement.