According to the American Collectors Association, if a business is writing off more than ________ percent of its sales as bad debts, it needs to tighten its credit and collection policies.
A)3
B)5
C)10
D)25

Question

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The American Collectors Association suggests that if a business is writing off more than 5 percent of its sales as bad debts, it indicates a need to tighten credit and collection policies to manage financial risk better.

According to the American Collectors Association, If a Business Is