Sellers allow customers to use credit cards for all of the following reasons: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) seller does not have to decide who gets credit. seller accepts the risk for extending credit to customers. seller receives cash sooner than if credit is granted directly to the customers. may allow seller to increase sales volume. seller determines which customers receive credit and how much.
Sellers allow customers to use credit cards for all of the following reasons: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) seller does not have to decide who gets credit. seller accepts the risk for extending credit to customers. seller receives cash sooner than if credit is granted directly to the customers. may allow seller to increase sales volume. seller determines which customers receive credit and how much.
Chapter7: Credit Cards And Consumer Loans
Section: Chapter Questions
Problem 6LTAI
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Question
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50 E270 08
DA Crowney
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Knowledge Check 01
Sellers allow customers to use credit cards for all of the following reasons: (You may select more than one answer. Single click the
box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to
empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
seller does not have to decide who gets credit.
seller accepts the risk for extending credit to customers.
seller receives cash sooner than if credit is granted directly to the customers.
may allow seller to increase sales volume.
seller determines which customers receive credit and how much.
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