Examlex
Find the matching number from among the choices listed at bottom. You may use choices more than once, and be aware that there are more choices than you will use.
-___ Water Stone
Credit Policy
A credit policy is a set of guidelines that a company follows to determine the credit terms for customers, including payment terms, interest rates, and the criteria for extending credit.
All-Cash Policy
A business strategy in which transactions are conducted exclusively with cash, avoiding the use of credit.
Credit Period
The time frame allowed by a seller to a buyer to pay for goods or services received, usually expressed in days.
Operating Cycle
The duration of time it takes for a company to buy inventory, sell it, and convert the sale back into cash. It reflects the efficiency of a company's inventory management and sales processes.
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