Which of the following exemplifies the role and purpose of the sales/collection process?
A)American Home Shield sells warranties to new homeowners.
B)New homeowners pay cash to American Home Shield for warranties.
C)Both American Home Shield sells warranties to new homeowners and new homeowners pay cash to American Home Shield for warranties.
D)Neither American Home Shield sells warranties to new homeowners nor new homeowners pay cash to American Home Shield for warranties.

Question

Quizplus · Accepted Answer

The sales/collection process involves the selling of goods or services and the subsequent collection of payment for those goods or services. Option C exemplifies this process as American Home Shield is selling warranties to new homeowners (sales) and the new homeowners are paying cash to American Home Shield for those warranties (collection). Options A, B, and D do not exemplify both aspects of the sales/collection process.

Which of the Following Exemplifies the Role and Purpose of the Sales/collection