The Department of Justice Alone Has the Power to Bring

question 38

Multiple Choice

The Department of Justice alone has the power to bring criminal proceedings,but it shares its civil enforcement powers with the ______.

• A) Federal Trade Commission
• B) Treasury Department
• C) Department of Revenue and Taxation
• D) U.S. Supreme Court
• E) Department of Labor

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Definitions:

Collection Policy

Guidelines and procedures a company follows to collect payments from customers including when and how collections are pursued.

Aging Schedule

An aging schedule is a method used in accounting to categorize accounts receivables based on the length of time an invoice has been outstanding, aiding in the management of a company's debts.

Cash Discount

A deduction that a payer can take from the invoice amount if payment is made within a specified period.

Collection Policy

A set of guidelines that a company follows to manage the collection of accounts receivable or outstanding invoices.