A Firm's Credit____________ Provides Guidelines for Determining Whether to Extend

question 74

Multiple Choice

A firm's credit____________ provides guidelines for determining whether to extend credit to a customer and how much credit to extend.

• A) terms
• B) policy
• C) standards
• D) scoring

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Definitions:

Rationalization

A defense mechanism in psychology, where controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.

Justifies Act

A rationale or reason given for taking a specific action, often framed in moral, logical, or practical terms.

Compromise Mechanism

A psychological strategy where conflicting demands are met by finding a middle ground or mutual concession, thus reducing internal tension.

Rationalization

A defense mechanism where controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.