Which of the Following Is True Regarding Private Trials

question 44

Multiple Choice

Which of the following is true regarding private trials?

• A) They may allow defendants to hide wrongdoing from the public.
• B) Those who lack funds must use a slower public system, but information from private trials is open to the public, similar to trials in state or federal court.
• C) They are generally slower than regular litigation.
• D) They are a form of state or federal litigation closed to the public to protect the identity of litigants in certain sensitive situations.
• E) They unfairly discriminate against corporations because by law in some cases corporations must pay the costs involved for indigent plaintiffs.

Comprehend the effects of granting credit on a firm's total revenues, costs, and cash cycle.

Identify the factors influencing credit policy decisions, including the cost of sales and the operational impacts of offering credit.

Analyze the relationship between credit policy and firm financing needs.

Recognize the importance of credit terms, including discounts and payment periods, on buyer behavior and seller's costs.

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Definitions:

Direct Method

A cost allocation technique used in cost accounting that assigns all service department costs directly to producing departments without considering any services rendered between service departments.

Accounts Receivable

Debts to a company from its customers for products or services already delivered, yet payment is pending.

Administrative Expenses

Costs related to the general operation of a company, such as salaries of executives and office supplies.

Direct Method

A method of allocating service department costs directly to producing departments without any intermediate allocation steps.