_____ Are Given for Meeting Certain Performance Standards, Such as Meeting

question 67

Multiple Choice

_____ are given for meeting certain performance standards, such as meeting sales targets.

• A) Health benefits
• B) Incentives
• C) 401(k) plans
• D) Fringe benefits
• E) Tax exemptions

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Definitions:

Cash Collections

The process of gathering and managing the cash payments received from customers or clients.

Sales Forecast

An estimate of the future sales of a product or service over a specific period, based on historical data, market analysis, and other factors.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Average Collection Period

The average number of days it takes for a company to collect payments from its credit sales, a measure of the effectiveness of its credit and collection policies.