Why Should the Possibility of a Repeat Order Increase a Firm's

question 76

Multiple Choice

Why should the possibility of a repeat order increase a firm's willingness to grant credit?

• A) The expected cash flow from two orders is twice that from one order.
• B) The sales rep would earn increased commission.
• C) The customer can be given more time to pay.
• D) Payment on the first order increases the chance of payment on subsequent orders.

Recognize the terminology and abbreviations related to blood and its components.

Understand how to calculate various payroll taxes for both employees and employers.

Grasp the concept and importance of the normal balance (debit or credit) for payroll-related accounts.

Learn how to prepare journal entries related to payroll and payroll taxes.

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Definitions:

Equity

Refers to the ownership interest in a corporation in the form of common or preferred stock; it represents the owners' share in the company's assets.

Fairness

A subjective concept referring to equal and impartial treatment, decisions, and actions in context with ethical, societal, or personal standards and norms.

Normative Economics

An approach to economics that makes judgments about what the economy should be like or what particular policy actions should be recommended.

Behavior

The actions or reactions of an individual, group, or system in response to external or internal stimuli.