________ are established to evaluate a customer's creditworthiness and to determine the minimum requirements for extending credit to a customer.
A) Lines of credit
B) Credit limits
C) Collection agencies
D) Credit standards
D) Credit standards
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Which of the following best describes the accounting treatment for derivative instruments not held for purposes of hedging?
a. Record as an asset or liability and recognize changes in fair value in other comprehensive income. b. Do not record as an asset or liability, record income from the transaction at maturity and recognize in earnings. c. Record as an asset or liability, recognize changes in fair value currently in earnings. d. Record as an asset or liability if off-balance sheet risk is material.
Answer the following statements true (T) or false (F)
The American Accounting Association was originally called the American Society of Certified Public Accountants.
The success of Six Sigma efforts depends on ______.
a. the support of a firm’s management b. the number of PhDs among the firm’s employees c. whether the firm is ISO certified d. whether the firm is in a manufacturing or in a service industry
Which of the following has not contributed to the growth of pension plans?
A) Privatization of Social Security B) Urbanization C) Retirement at earlier ages D) Increases in life expectancy