Which of the Following Is the Customer's Evaluation of a Good

question 41

Multiple Choice

Which of the following is the customer's evaluation of a good or service in terms of whether that good or service has met his or her needs and expectations?

• A) value
• B) perception
• C) attitude
• D) dissonance
• E) satisfaction

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Definitions:

Net 45

A term indicating that payment is due 45 days after the invoice date.

Average Collection Period

The average number of days that it takes for a business to receive payments owed by its customers, calculated by dividing the accounts receivable balance by the average daily sales.

Credit Terms

The conditions under which a seller will extend credit to a buyer, including the repayment period, discount for early payment, and the rate of interest if applicable.

Discount

A reduction applied to the usual cost of goods or services or the process of determining the present value of future cash flows.