Which of the Following Statements Is True

question 16

Multiple Choice

Which of the following statements is True?

• A) Divorced families usually have more discretionary income than traditional families.
• B) Singles and young couples are less willing to try new products than are older couples.
• C) Empty nesters are frequently big spenders.
• D) Buying responsibility and influence vary little from one family to another.
• E) None of these statements is True.

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Definitions:

Receivables Balance

Receivables balance refers to the total amount of money owed to a company by its customers for goods or services delivered on credit.

Accounts Receivable Period

The standard timeframe a company needs to gather owed payments from its customers.

Sales

The transactions involving the exchange of goods or services for money, representing the major source of revenue for a business.

Merchandise

Goods to be bought and sold in the course of business, typically in a retail or wholesale setting.