Extending credit to a customer has three major components:

A) a policy on how customers will qualify for credit, a policy on the payment plan allowed creditors, and a policy for collecting overdue bills.
B) a policy on how customers will qualify for credit, a policy on paying commissions on sales, and a policy for collecting overdue bills.
C) a policy on how customers will qualify for credit, a policy on the payment plan allowed creditors, and a policy on accounting for depreciation.
D) a policy on how customers will qualify for credit, a policy on accounting for depreciation, and a policy on paying commissions on sales.

Answer: A

Business

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What type of investment is currently under way within the emerging market countries?

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Global marketers should take note of the fact that almost half of the world's population is located in:

A) low-income countries. B) lower-middle-income countries. C) upper-middle-income countries. D) high-income countries. E) higher-middle-income countries.

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