Many Internet Retailers Allow Customers to Customize Products by Presenting

question 16

Multiple Choice

Many Internet retailers allow customers to customize products by presenting them with various alternative options.These interactive sales order entry systems are called

• A)choiceboards.
• B)orderboards.
• C)optionboards.
• D)waterboards.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how many times a company collects its average accounts receivable in a period.

Sales

The total amount of goods or services sold by a company, serving as a primary source of revenue.

Net Income

A company's overall earnings following the deduction of all expenses and taxes from its gross income.

Average Collection Period

The average number of days it takes for a company to collect receivables from its customers, indicating the efficiency of its credit policies.