According to the Text, the ___________ Is Generally Responsible for Making

question 167

Multiple Choice

According to the text, the ___________ is generally responsible for making credit policy decisions.

• A) Production manager.
• B) Controller.
• C) Marketing manager.
• D) Cash manager.
• E) Payables manager.

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Definitions:

Applicable Laws

The set of relevant laws and regulations that apply within the jurisdiction of a business operation or transaction.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to securities laws.

Sole Proprietorships

A rephrasing of proprietorship; a business structure where a single individual owns and runs the business, bearing all profits and responsibilities.

Internal Controls

The policies and procedures used to safeguard assets, ensure accurate business information, and ensure compliance with laws and regulations.