Which of the Following Is an Incorrect Statement of an Issue

question 139

Multiple Choice

Which of the following is an incorrect statement of an issue involved in receivables management?

• A)Easier credit increases sales
• B)Easier credit increases bad debt losses
• C)Easier credit lowers the cost of financing receivables
• D)Easier credit improves customer relations

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Definitions:

Problem-Strategy

An approach or plan of action designed to navigate challenges and find solutions.

Confirmation Bias

A tendency to search for information that supports our preconceptions and to ignore or distort contradictory evidence.

Framing Effect

A cognitive bias where people react differently to a particular choice or situation depending on how it is presented, or "framed."

Heuristics

Simplified strategies or mental shortcuts used to make decisions or solve problems quickly.