7. The Present Value of the Purchase Paid model is when the discount is taken by a customer of the company. When the discount is taken then the Present Value result is:

a. Higher b. Lower c. Unchanged

8. Changing the Net dates in the Value of Credit Discount model from 30 to 45 days results in:

1. a lower interest rate answer
2. a higher interest rate answer
3. no change in answer

9. Payment Ethics include:

1. Is the action legal?
2. Does the collection policy adhere to the companys business philosophy?
3. Does the collection policy enhance the business relationship?
4. All of the above