As a Creditor, a Business Should

question 188

Multiple Choice

As a creditor, a business should:

• A) determine the debtor' ability to repay
• B) establish debt collection practices
• C) determine how much capital it needs to borrow
• D) determine the debtor' ability to repay and establish debt collection practices
• E) all of the other specific choices

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Definitions:

Anticonsumption

The deliberate opposition to or rejection of consumerism and the excessive purchasing of goods or services.

Shrinkage

The loss of inventory that can occur due to theft, damage, or error, representing a discrepancy between recorded stock and actual physical inventory.

Serial Wardrobers

Individuals who frequently buy new clothing items, only to wear them a few times before replacing them with newer purchases.

Consumerism

The societal trend in which the buying and consumption of goods and services is considered a social and economic necessity.