Which of the following guidelines should be followed when extending credit?

A. A credit applicant must be notified of the credit decision within 10 days of receipt of the request.
B. The party granting the credit should not disclose the terms of the credit agreement.
C. The credit aspect should be emphasized more than the acknowledgment of an order.
D. The basis for the decision to extend credit need not be indicated.


Answer: C

Business

You might also like to view...

One fraud risk factor includes the presence of domineering members of management who seek the ultimate loyalty of subordinates

a. True b. False Indicate whether the statement is true or false

Business

According to the BCG growth-market share matrix, ________ are strategic business units with products that have a dominant market share in a high-growth market

A) problem children B) exclamation points C) cash cows D) stars E) question marks

Business

Policies that must be set before beginning to recruit new employees include all of the following except:

A. alternatives that will be used before or instead of recruiting. B. whether or not the company will attempt to recruit internally in all viable cases. C. whether or not the company will be willing to recruit older employees D. sources that will be utilized in the recruiting effort E. the geographic scope of the recruiting effort

Business

A minor breach of contract discharges the contract

Indicate whether the statement is true or false

Business