Jillian Was Recently Hired by a Major Retail Store

question 68

Multiple Choice

Jillian was recently hired by a major retail store.Her job is to determine the probability that individual customers will fail to pay for their charge sales.Jillian's job best relates to which one of the following?

• A)terms of sale
• B)credit analysis
• C)collection policy
• D)payables policy
• E)customer service

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Definitions:

Functional Plans

Functional plans are detailed strategies developed for specific areas within an organization, such as sales, marketing, or HR, outlining how goals will be achieved in those areas.

Operational Plans

Detailed, short-term strategies designed to achieve specific objectives within a business.

Standing Plans

Established procedures or policies in an organization that guide decision-making and actions for recurring situations or operations.

Single-use Plans

Strategic plans developed for a one-time project or event that are not intended to be repeated or reused.