A Current Bonus Consists Of

question 26

Multiple Choice

A current bonus consists of:

• A)Cash only.
• B)Stock only.
• C)Cash and/or stock.
• D)Membership in a fitness club.

---

Definitions:

Credit Policy Variable

An element that defines the guidelines under which credit is extended to customers, including terms of payment and interest rates.

Credit Period

The duration of time a buyer is allowed to pay for goods or services received, before interest or penalties begin accruing.

Collection Policy

The specific strategies and methods a company uses to manage the collection of its accounts receivable.

Credit Policy

The guidelines a company follows to determine the amount of credit to extend to customers and the terms of payment.