York Department Store Does 50 Percent of Its Business on Credit

question 83

Multiple Choice

York Department Store does 50 percent of its business on credit and frequently has to tolerate slow-paying customers and those who simply do not pay. Now it would like to facilitate immediate cash purchases for customers who don't like to write checks or to carry much cash with them. What would you recommend?

• A) Buy an automated teller machine for the store.
• B) Use an automated clearinghouse.
• C) Buy a point-of-sale terminal for the store.
• D) Use an electronic bank teller.
• E) Tell the customers that when they are billed they must send a check or use the bill-payment-by-telephone procedure.

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Definitions:

Non-random Assignment

The process of allocating individuals to groups in a study based on criteria other than random selection, potentially introducing bias to the results.

Exam Review Procedure

A structured approach for analyzing and understanding the content covered in an exam, usually involving going over materials, identifying weak areas, and formulating strategies for improvement.

Effectiveness

Effectiveness refers to the degree to which something achieves its intended outcome or result.

Experimental Method

A research technique in which a researcher manipulates one variable and observes the effect of that manipulation on another variable, establishing cause and effect relationships.