Which of the Following Statements Is Correct

question 69

Multiple Choice

Which of the following statements is correct?

• A) If a firm's volume of credit sales declines,then its DSO will also decline.
• B) If a firm changes its credit terms from 1/20,net 40 days,to 2/10,net 45 days,the impact on sales can't be determined because the increase in the discount is offset by the longer net terms which tends to reduce sales.
• C) The DSO of a firm with seasonal sales can vary because while the sales per day figure is usually based on the total annual sales,the accounts receivable balance will be high or low depending on the season.
• D) An aging schedule is used to determine what portion of customers pay cash and what portion buy on credit.
• E) Aging schedules can be constructed from the summary data provided in the firm's financial statements.

Recognize the process of classical conditioning and its effects on behavior.

Differentiate between classical and operant conditioning.

Identify the role of reinforcement in learning and behavior modification.

Grasp the concept of extinction and its significance in the conditioning process.

---

Definitions:

Modesty

A value or quality related to behaving and dressing in ways considered respectful and appropriate for a given culture or context.

Cultural Competence

The ability of individuals and organizations to effectively interact with people of different cultures and socio-economic backgrounds.

Regulatory Agencies

Governmental bodies responsible for overseeing and enforcing laws and regulations within specific industries to ensure compliance and protect public interest.

Health Literacy

The extent to which people can acquire, comprehend, and utilize essential health information and services to make informed health choices.