Which One of the Following Is NOT One of the Three

question 38

Multiple Choice

Which one of the following is NOT one of the three steps involved in establishing a credit policy?

• A)Establishing credit payment patterns
• B)Establishing credit standards
• C)Establishing a collection policy
• D)Establishing credit terms

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Definitions:

Economic Duress

This involves the use of unlawful pressure or threats by one party to compel another party to act in a way that is against their will or financial interest.

Subjective Evidence

Information or proof based on personal feelings, opinions, or tastes, rather than concrete facts.

Acquiesce

The reluctant acceptance or agreement without protest, often implicitly.

Peerless

Unique and having no equal; often used in legal contexts to describe something that has no identical counterpart.