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:

Visually Tracks

The ability to follow the movement of objects with one's eyes, which is an important developmental milestone in infants.

Primary Circular Reaction

A developmental phenomenon observed in infants, involving repetition of actions that serve no purpose other than the pleasure derived from the act itself.

Circular Reaction

A repetitive action that achieves a desired outcome, often observed in infants as a part of their cognitive development process.

Secondary Circular Reaction

A developmental phase in infants, part of Piaget's theory, where they repeat actions affecting their environment, leading to the discovery of new experiences.