All of the Following Are Costs of Credit EXCEPT

question 46

Multiple Choice

All of the following are costs of credit EXCEPT

• A) bad debt losses.
• B) credit analysis expenses.
• C) lost revenues when customers do not take advantage of trade discounts.
• D) the increased investment in accounts receivable.

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Definitions:

Attentional Resources

The cognitive capacity or energy available to a person for processing information and maintaining attention.

Mixed Perceptions

The blending of different sensory inputs or cognitive assessments to form a complex understanding or interpretation.

Automatic Processing

The unconscious, fast, and effortless processing of information, which does not require deliberate thought.

Conscious Awareness

is the state of being consciously aware of one’s surroundings, thoughts, and feelings at any given moment.