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:

Employee Benefits

Compensation in forms other than cash.

Nonunion Operations

Workplaces or businesses that do not have their employees represented by a labor union or similar worker's association.

Turnover

The rate at which employees leave a company and are replaced by new employees over a given period.

Craft Union

A labor union representing workers who are skilled in a specific craft or trade.