Account Manger Weeks 3 & 4

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| By Drew_r2otrainer

Drew_r2otrainer

Community Contributor

Quizzes Created: 3 | Total Attempts: 274

Questions: 5 | Attempts: 69 | Updated: Jun 26, 2023

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This will quiz your knowledge of your 3rd and 4th week of training.

Questions and Answers

1.

By dividing your current rental revenue into your last months ending potential you will find your:
- A.
  
  Current Potential
- B.
  
  Current Percent Collected
- C.
  
  Total Revenue
- D.
  
  Needed Revenue
Correct Answer
B. Current Percent Collected

Explanation
The correct answer is "Current Percent Collected." By dividing your current rental revenue into your last month's ending potential, you can calculate the percentage of potential revenue that you have actually collected. This metric helps you assess the effectiveness of your rental revenue collection and identify any areas for improvement.

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2.

Your supervisor and the Asset Control Manager (at Home Office) can assist you with Problem Accounts.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The statement suggests that both the supervisor and the Asset Control Manager are available to assist with Problem Accounts. This implies that they have the necessary knowledge and expertise to handle such accounts effectively. Therefore, the answer is true.

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3.

Although an account has been labled as a 'Problem Account', you still want to continue every effort to collect the merchandise and payment from the customer.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
Even if an account has been labeled as a 'Problem Account', it is still important to continue making efforts to collect the merchandise and payment from the customer. This implies that the account may have encountered some issues or difficulties, but it is still worth pursuing the collection process to ensure that the company receives the merchandise and payment owed.

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4.

When an account is a first payment default it means it is an immediate pick up.
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The statement is incorrect. When an account is a first payment default, it means that the borrower has failed to make the first payment on time. It does not indicate that the account is an immediate pick up. Therefore, the correct answer is False.

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Current Version
Jun 26, 2023

Quiz Edited by
ProProfs Editorial Team
May 30, 2013

Quiz Created by
Drew_r2otrainer

Account Manger Weeks 3 & 4

By dividing your current rental revenue into your last months ending potential you will find your:

Your supervisor and the Asset Control Manager (at Home Office) can assist you with Problem Accounts.

Although an account has been labled as a 'Problem Account', you still want to continue every effort to collect the merchandise and payment from the customer.

When an account is a first payment default it means it is an immediate pick up.