The Potential Disadvantages of Extending Credit Include All of the Following

question 22

Multiple Choice

The potential disadvantages of extending credit include all of the following except which one?

• A)Increased borrowing costs.
• B)Customers buy too much.
• C)The need for a collections department.
• D)More staff hours spent in the accounting department.

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Definitions:

Event

An organized occurrence, gathering, or activity designed for a specific purpose or objective.

Organizational Level

Organizational level refers to a specific layer within the hierarchy of an organization, each with its own responsibilities and functions.

Safety Climate

The shared perceptions and attitudes within an organization regarding the importance and practices of workplace safety.

Management Commitment

The dedication and active involvement of an organization's management team in achieving its goals, often reflected in their actions and decisions.