Which of the Following Statements Is Correct

question 168

Multiple Choice

Which of the following statements is correct?

• A) Other things held constant,the higher a firm's days sales outstanding (DSO),the better its credit department.
• B) A firm will relax its credit standards only if it expects bad debts will not increase because of the change.
• C) If a firm which sells on terms of "net 30" changes its policy and begins offering all customers terms of "2/10,net 30," and if no change in sales volume occurs,then the firm's DSO will probably increase.
• D) If a firm sells on terms of 2/10,net 30,and its DSO is 30 days,then its aging schedule would probably show some past due accounts.
• E) Statements a,b,c,and d are all false.

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Definitions:

IOL

An acronym for Intraocular Lens, a synthetic lens implanted in the eye to replace the eye's natural lens often during cataract surgery.

Anisocoria

A condition characterized by unequal pupil sizes in the eyes.

Radial Keratotomy

A surgical procedure to correct nearsightedness (myopia) involving tiny incisions in the cornea to alter its shape and improve vision.

Intraocular Pressure

The fluid pressure inside the eye, critical for maintaining eye shape and proper optical function.