A Restrictive Short-Term Financial Policy Tends to

question 66

Multiple Choice

A restrictive short-term financial policy tends to

• A)grant credit to more customers.
• B)reduce total ordering costs as compared to a more flexible policy.
• C)encourage credit sales over cash sales.
• D)incur more carrying costs than a flexible policy does.
• E)reduce future sales more so than a flexible policy.

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Definitions:

Sociological Perspective

The view that looks at behavior of groups, not individuals, emphasizing the cultural, economic, and political context that shapes society and individual actions.

Individuals' Understanding

The unique comprehension or perception that a person has towards particular concepts, situations, or phenomena based on their knowledge and experiences.

Biographies

Written accounts of individual lives, showcasing personal and professional experiences.

Class Conflict

The strain or conflict arising in society from the contrasting economic interests and aspirations among individuals of diverse social classes.