Which Two of the Following Are the Key Elements in Determining

question 46

Multiple Choice

Which two of the following are the key elements in determining whether or not a switch from a no-credit policy to a credit policy is advisable?
I.variable cost per unit
II.cash discount percentage
III.credit price
IV.default rate

• A)I and III only
• B)II and IV only
• C)II and III only
• D)I and IV only
• E)III and IV only

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Definitions:

National Power

Refers to the sum of political, economic, military, and cultural strengths of a country in the international arena.

American Federalism

A form of governance where authority is shared between the central (federal) government and several state governments.

Federal Government Power

The authority held by the federal or national government, as distinguished from state or local governments.

1930s

The decade ranging from the year 1930 to 1939, significant for its economic depression globally known as the Great Depression.