Cash Application Should Be Done as Quickly as Possible by a Seller

question 16

Multiple Choice

Cash application should be done as quickly as possible by a seller because

• A)it may prevent the bankruptcy of a customer
• B)it involves shipping to the most profitable customer accounts
• C)it enables customers to order more merchandise
• D)it usually results in the seller being given a higher Dun & Bradstreet rating
• E)none of the above

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Definitions:

Seniority Rules

Guidelines in a workplace that determine the priorities and privileges based on the length of service of employees.

Unregulated Market

A market operating without governmental oversight, lacking controls over practices that can lead to unfair competition and consumer vulnerabilities.

Commodify

The process of turning something into a commodity that can be bought and sold.

Professional Association

An organization seeking to further a particular profession, the interests of individuals engaged in that profession, and the public interest.