Which One of the Following Statements Is Correct in Regards

question 15

Multiple Choice

Which one of the following statements is correct in regards to credit periods?

• A)Perishable items tend to have longer credit periods.
• B)Items with low markups tend to have longer credit periods.
• C)Smaller accounts tend to have longer credit periods.
• D)Different customers may be offered different credit periods by the same firm.
• E)Newer products tend to have shorter credit periods.

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Definitions:

Free Enterprise

An economic system where private businesses operate in competition, largely free of state control, with the prices of goods and services determined by the open market.

Capital

Financial assets or the financial value of assets, such as buildings, machinery, and equipment, used to produce goods and services.

Brazilian Factory Worker

An individual employed in the manufacturing sector in Brazil, often dealing with the challenges of labor conditions and economic factors.

American Factory Worker

An employee working within the manufacturing sector of the United States, often associated with manual labor and industrial production.