___________-Monitor the Internal Environment

question 114

Short Answer

___________-monitor the internal environment

---

Definitions:

Incremental Bad Debt

Additional amounts of money owed to a company that are determined to be uncollectible beyond the initially expected level of bad debt.

Bad Debt Losses

Bad debt losses refer to the amount of receivables that a company anticipates will not be collected due to customers' inability to pay.

Credit Policy

A set of guidelines that a company uses to determine the creditworthiness of customers and the terms under which it will extend credit.

DSO

Days Sales Outstanding (DSO) represents the average duration in days for a business to receive payment following a sale.