Which of the Following Elements of Credit Terms Might Discourage

question 99

Multiple Choice

Which of the following elements of credit terms might discourage purchasers from paying with a discount?

• A) A higher discount percentage
• B) A shorter payment period
• C) A longer discount period
• D) A longer payment period

---

Definitions:

Global Warming

The long-term rise in Earth's average surface temperature due to human activities, particularly the emission of greenhouse gases, leading to climate change.

Marginal Benefit

The boost in value or pleasure gained from the consumption of one more unit of a good or service.

Supply and Demand

Fundamental economic principles that describe how prices are determined in a market based on the quantity of a good or service available and desired.