The Four Primary Elements in a Firm's Credit Policy Are

question 92

True/False

The four primary elements in a firm's credit policy are (1)credit standards, (2)discounts offered, (3)credit period,and (4)collection policy.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Institutional Discrimination

Discrimination that has been embedded into the policies, procedures, and practices of an organization or social system, leading to disadvantages for certain groups.

Individual Discrimination

Discriminatory actions taken by an individual based on prejudice against another individual or group.

Plantation Owners

Individuals who owned and operated large agricultural estates, historically reliant on slave labor, primarily in the pre-Civil War United States and some tropical colonies.