Which One of the Following Would Not Be a Customary

question 35

Multiple Choice

Which one of the following would not be a customary source of credit information on customers?

• A) Dun and Bradstreet
• B) Chamber of Commerce
• C) Credit Bureau
• D) Customer's bank

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Definitions:

Objectives

Specific, measurable goals set by a business or individual to guide activities and measure performance effectively.

Budgets

Financial plans that estimate revenue and expenses over a specified future period, guiding spending and investment decisions.

Merchandise Purchases Budget

A financial plan outlining the projected purchases of merchandise for resale over a certain period, considering expected sales and inventory levels.

Required Purchases

Required purchases are the amount of goods a company needs to buy in order to meet its sales demand and maintain its inventory at a desired level.