Which Collection Technique Is Used as a Last Resort in the Collection

question 19

Multiple Choice

Which collection technique is used as a last resort in the collection of unpaid balances?

• A)Payment at the time of service
• B)Stickers on billing statements  
• C)Telephone call reminders
• D)Sending to collection agency

Understand the concept of a mortgage and its implications for small businesses.

Grasp the idea and utility of bartering in business transactions.

Know the structure, benefits, and limitations of franchising for small businesses.

Identify different sources of funding available to small businesses and their characteristics.

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Definitions:

U.S. Supreme Court

The highest court in the United States, which has the ultimate judicial authority to interpret federal laws including the Constitution.

One Hundred Cases

A numerical expression typically signifying a significant quantity or sample size in various contexts, such as legal cases, patient numbers, or research studies.

Rule of Four

A procedural rule of the United States Supreme Court stating that if four justices agree to grant a writ of certiorari, the Court will consider the case.

Writ of Certiorari

A legal term referring to a type of writ seeking judicial review, where a higher court is asked to order a lower court or agency to send the records of a case for review.