Which of the Following Statements About YMS Is True

question 96

Multiple Choice

Which of the following statements about YMS is true?

• A) YMS are mathematically complex systems to make use of underutilized capacity and reduce the cost of perishability.
• B) YMS are complex pricing systems used to set equilibrium pricing points.
• C) The first use of YMS was in the car industry as it looked for ways to compete with imports.
• D) YMS cannot be used by any other businesses but services.

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Definitions:

Allowance for Uncollectible Accounts

An estimated reserve for debts that may not be collected due to customer default.

Default Rate

A measure reflecting the percentage of borrowers who fail to make payments on their debts as scheduled.

Bad Debt Accruals

Bad debt accruals are amounts set aside by a company to cover accounts receivable that are not expected to be collected because customers are unable to pay.

Ages Receivables

A method of categorizing accounts receivable according to the length of time an invoice has been outstanding.