Which One of the Following Is the Component of Credit

question 358

Multiple Choice

Which one of the following is the component of credit policy which addresses the determination of which customers are most apt to pay?

• A) Credit analysis.
• B) Collection policy.
• C) Credit extension.
• D) Terms of sale.
• E) Consumer credit.

---

Definitions:

Industrial Market Countries

Nations with highly developed industries where the majority of economic activities are focused on manufacturing and services.

High-Income Economies

Countries or regions characterized by a high gross domestic product (GDP) per capita, indicating a higher standard of living and economic development.

Inefficient Use

Inefficient use describes a scenario in which resources, such as time, money, or materials, are not utilized in a way that maximizes productivity or value.

Labor

Labor refers to the human effort, both physical and mental, used in the production of goods and services.