If You Remember That "Dinero" Is the Spanish Word for "Money

question 101

Short Answer

If you remember that "dinero" is the Spanish word for "money" by visualizing yourself paying for dinner at your favorite Mexican restaurant with "dinero," you are using a memory aid known as a(n)__________.

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Definitions:

Credit Policy Change

Adjustments made to the guidelines that govern the extension of credit to customers, affecting terms of payment and eligibility.

One-Shot Approach

A strategy or method applied once to address an issue or solve a problem, without plans for repeated application or follow-up.

Net Present Value

A valuation method that calculates the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Net 30 Credit Policy

A credit term that allows a customer 30 days to pay the invoice in full from the invoice date.