The Rationale Behind Offering Customers Credit Is

question 160

Multiple Choice

The rationale behind offering customers credit is:

• A)Permitting customers to pay with credit cards or on credit makes it easier for them to buy,and it also attracts new customers.
• B)Offering customer's credit helps with the firm's cash flow position.
• C)Offering customer's credit helps match revenues with expenses for the same time period.
• D)Permitting customers to pay with credit cards or on credit forces a company to rely less on accounts receivables and more on accounts payables.

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Definitions:

Elected Committee

A group of individuals chosen through a voting process to represent or make decisions on behalf of a larger group.

Deserving Employees

Workers who are considered to merit recognition or reward based on their performance, contributions, or achievements.

Monetary Compensation

The payment an employee receives in the form of wages, salaries, bonuses, and commissions.

Nonmonetary-Based Recognition

A form of appreciation shown to employees that doesn't involve financial rewards, such as public acknowledgment, awards, or professional development opportunities.