__________ is a cost arising out of failure of customers to pay on due date.
Delinquency cost arises when customers fail to pay by the due date. It concerns delayed payment, whereas default costs concern amounts that ultimately cannot be recovered.
Choose your answer
__________ is a cost arising out of failure of customers to pay on due date.
Answer and explanation
Correct answer C
Delinquency cost arises when customers fail to pay by the due date. It concerns delayed payment, whereas default costs concern amounts that ultimately cannot be recovered.
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Maharashtra and Goa SET (MH SET)