Account Manger Weeks 3 & 4

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| By Drew_r2otrainer
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Drew_r2otrainer
Community Contributor
Quizzes Created: 3 | Total Attempts: 275
| Attempts: 69
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  • 1/5 Questions

    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.

    • True
    • False
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About This Quiz


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

Account Manger Weeks 3 & 4 - Quiz

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  • 2. 

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

    • True

    • 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. 

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

    • Current Potential

    • Current Percent Collected

    • Total Revenue

    • Needed Revenue

    Correct Answer
    A. 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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  • 4. 

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

    • True

    • False

    Correct Answer
    A. 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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Quiz Review Timeline (Updated): Jun 26, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Jun 26, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • May 30, 2013
    Quiz Created by
    Drew_r2otrainer
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