Which of the Following Statements Is True

question 17

Multiple Choice

Which of the following statements is true?

• A)Most credit arrangements use promissory notes.
• B)Promissory notes are used when firms do not anticipate a problem with collections.
• C)Promissory notes usually involve no cash discount.
• D)All of the above.
• E)None of the above.

Comprehend the principles behind choosing the level of fixed costs based on expected output.

Understand the effects of labor’ productivity on costs and output scale.

Understand the concept and process of internal recruiting within organizations.

Identify the advantages and disadvantages of internal recruiting.

---

Definitions:

Surplus

When the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Quantity Demanded

The overall volume of a good or service that consumers are ready and capable of purchasing at a particular price.

Production Technique

A method or process used in the creation of goods or services, often involving tools, machinery, and technology.