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:

Inspect

To look at something or someone carefully in order to detect faults or understand the details.

Objects

Physical items or entities that can be perceived by human senses and have a defined shape or form.

Cerebrum

The largest part of the human brain, responsible for voluntary motor functions, sensory perception, thought, reasoning, and memory.

Auditory Cortex

The part of the brain that is responsible for processing auditory information.