Identify the Likely Advantage(s)of Extending Credit to Customers

question 108

Multiple Choice

Identify the likely advantage(s) of extending credit to customers.

• A)Reduce accounts receivable.
• B)Increase sales.
• C)Reduce amounts owed to creditors.
• D)Increase employees' salaries.

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Definitions:

Auto Insurance

A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident.

Federal Government

The national government of a federated state, which holds the authority to govern the issues that affect the entire country.

Health Insurance

A form of insurance that covers the cost of an insured individual's medical and surgical expenses.

Obamacare

Informal term for the Affordable Care Act, a comprehensive health care reform law enacted in March 2010 in the United States aimed at expanding health insurance coverage and reducing healthcare costs.