Credit Terms Must Specify Which of the Following

question 517

Multiple Choice

Credit terms must specify which of the following:

• A) the interest rate, if any, that applies to the sum owed
• B) the principal of the debt
• C) payment dates
• D) all of the other specific choices must be specified
• E) none of the other specific choices must be specified

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Definitions:

Positive Climate

A work environment characterized by support, mutual respect, and a positive attitude among members.

Conscientious

Refers to a personality trait characterized by being diligent, careful, thorough, organized, and responsible in one's work or personal affairs.

Employees

Individuals who are hired by a business or organization to perform specific duties in exchange for compensation.

Contrasted

Highlighting the differences or distinctions between two or more items or concepts.