Which of the Following Guidelines Should Be Followed When Extending

question 5

Multiple Choice

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.

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Definitions:

Friction

The resistance that one surface or object encounters when moving over another, usually resulting in the generation of heat.

Ocean Currents

Large-scale movements of seawater that circulate the global oceans, significantly influencing climate and marine ecosystems.

Stratified

Layered or arranged in layers, often referring to the structure of tissues in biology or the arrangement of sedimentary rocks in geology.

Abyssal

Refers to the deepest parts of the ocean, typically areas below 2,000 meters, characterized by very low temperatures, high pressures, and complete darkness.