Which One of the Following Is not a Principle of Sound

question 53

Multiple Choice

Which one of the following is not a principle of sound accounts receivable management?

• A)Determine to whom to extend credit.
• B)Delay cash receipts from receivables if necessary.
• C)Monitor collections.
• D)Determine a payment period.

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Definitions:

Socially Responsible

The ethical framework suggesting that entities, either individuals or organizations, have an obligation to act for the benefit of society at large.

Competitive Advantage

A condition or circumstance that puts a company in a superior business position compared to its competitors.

Ethnic Diversity

The inclusion of individuals from different ethnic backgrounds within a community or organization.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, driven by international trade and investment.