A ________ system prepares and mails monthly statements to customers throughout the entire month,instead of just at the end of the month.

Question

Quizplus · Accepted Answer

The described system is cycle billing, in which the customer base is divided into different groups or cycles, and each group receives a statement at a different time. This results in an ongoing, continuous process of statement preparation and mailing, rather than a one-time event at the end of the month. Continuous billing is a type of billing in which charges and payments are streamed in real-time, while open-invoice and balance forward are different methods of invoicing and billing that do not match the described system. Therefore, the best choice is C - cycle billing.

A ________ System Prepares and Mails Monthly Statements to Customers