A Restrictive Short-Term Financial Policy Tends to

question 67

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.

---

Definitions:

Capacity-building Strategies

Approaches or methods aimed at developing skills, abilities, and competencies in an individual, organization, or community to increase performance and achieve goals.

Social Action Strategies

Plans of action designed to address social issues and affect societal change.

Conflict Strategies

Approaches used to handle or resolve disputes and disagreements among individuals or groups.

Reverse Brainstorming

A problem-solving technique that involves identifying all the ways a goal cannot be achieved in order to find solutions to overcome those barriers.