Which Step in the Sales/collection Process Immediately Follows Taking a Customer

question 24

Multiple Choice

Which step in the sales/collection process immediately follows taking a customer order?

• A) Evaluate credit.
• B) Fill the order.
• C) Ship the product.
• D) Verify inventory availability.

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Definitions:

Profit Sharing

A company policy where employees receive a share of the company's profits based on its earnings, serving as an incentive and reward for employee performance.

Billable Hours

The amount of an employee's work time that can be charged to a client, commonly used in professional services like law and consulting.

Net Income

The profit of a company after all expenses, taxes, and costs have been deducted from total revenue.

Profit Sharing

A compensation scheme where employees receive a portion of the company's profit, in addition to their regular salary.