Which of the Following Is a Benefit of Selling on Credit

question 53

Multiple Choice

Which of the following is a benefit of selling on credit?

• A)Revenues are increased by making sales to a wider range of customers.
• B)Expenses are reduced by making sales to a wide range of customers.
• C)Some customers do not pay, creating an expense.
• D)Cash is received sooner.

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Definitions:

Past Practice

is an established custom or way of doing things that, over time, has been accepted and expected by both employers and employees within an organization.

Arbitrators

Neutral third parties who resolve disputes between individuals or organizations, making decisions that can be binding or non-binding.

Intent of the Parties

The actual aim or purpose that parties to an agreement had at the time they entered into it, usually determined from the language of the contract and circumstances.

Weingarten Rights

Rights of unionized employees to have a union representative present during investigatory interviews that could lead to disciplinary action.