When Managing Accounts Receivable, a Good Strategy Would Be to ________

question 77

Multiple Choice

When managing accounts receivable, a good strategy would be to ________.

• A) send the accounts to a collection agency to extract payments
• B) tighten the credit terms to force the customer to pay on time
• C) offer cash discount without losing sales and imposing burden on customer
• D) make frequent personal visits to the customer to remind him about his dues

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Definitions:

Rubber Band

A stretchable loop of rubber used for holding items together.

Interrupting

The act of breaking the continuity of someone's speech or activity without permission or invitation.

Anger

A strong feeling of annoyance, displeasure, or hostility, which can vary in intensity and be provoked by perceived wrongs or frustrations.

Hot Stove

An analogy often used in discipline, suggesting that, like touching a hot stove and experiencing immediate consequence, consequences of actions should be immediate, clear, and consistent.