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:

Transfer of Exclusive Possession

The act of transferring the right to exclusively occupy or use property or goods to another party.

Car

A wheeled motor vehicle designed for the transportation of people, typically having four tires and powered by an internal combustion engine or electric motor.

Malfunction

The failure of a device, system, or process to operate as intended.

Duty of Care

A legal obligation to adhere to a certain standard of reasonable care while performing acts that could foreseeably harm others.