Managers Decide to Increase the Number of New Accounts by 4.0

question 60

Multiple Choice

Managers decide to increase the number of new accounts by 4.0% within the next quarter.This is an example of:

• A)an objective.
• B)a strategy.
• C)customer loyalty.
• D)qualitative metric.

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Definitions:

Increase Accounts Payable

An action reflecting a rise in the amount owed by a company to its creditors for goods or services received but not yet paid for.

Accounts Payable

Short-term liabilities representing amounts owed by a business to suppliers or creditors for goods and services purchased on credit.

Merchandise Inventory

The total value of a company's goods that are available for sale to customers.

Initial Purchase

The first acquisition of goods or assets for the purpose of business operations or investment.