Which of the Following Methods Should Be Used to Manage

question 19

Multiple Choice

Which of the following methods should be used to manage the risk of non-payment by customers?

• A) Perform credit checks on customers seeking credit.
• B) Monitor the financial environment.
• C) Charge outstanding accounts as expenses.
• D) Reduce legal costs by finding more affordable legal counsel.

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Definitions:

Paraphrasing

The act of rephrasing or rewording someone else's text or speech to clarify meaning or to make it easier to understand, while maintaining the original message.

Clarification

The process of seeking or providing explanation or additional information to make something clear or understandable.

Vague Explanations

Descriptions or reasons that are unclear, imprecise, and lacking in detail.

Clarification

The process of clarifying a statement or situation to make it easier to understand.