When a Customer Places an Order (On Account)for a Certain

question 96

Multiple Choice

When a customer places an order (on account) for a certain product,what should be done before the order is checked for inventory availability?

• A)The customer's available credit should be checked.
• B)The sales order should be created and written to a file.
• C)Shipping should be notified of an order in process.
• D)A picking list should be generated for the warehouse.

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Definitions:

Price Ceiling

A restriction enforced by authorities on the top price allowable for goods, services, or resources.

Quantity Demanded

The amount of a good or service that consumers are willing and able to purchase at a specific price.

Physicals

Refers to physical commodities or assets, as opposed to financial instruments or derivatives, that are traded or examined.

Price Ceiling

A government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers.