All of the Following Are Steps Involved in Creating a Conflict-Positive

question 90

Multiple Choice

All of the following are steps involved in creating a conflict-positive organization except:

• A)reduce risks
• B)value diversity and confront differences
• C)take stock to reward success and learn from mistakes
• D)empower employees to feel confident and skillful

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Definitions:

Credit Policy

A credit policy is a set of guidelines that a company follows to determine credit limits, payment terms, and how to manage delinquent accounts for its customers.

Terms of Sale

The conditions under which a sale is made primarily with respect to payment. Terms include a date on which payment is due and often specify a prompt payment discount that may be taken if payment is made within a specified time.

Lock Box Systems

A service provided by banks to companies for the quick collection of payments from customers by directing those payments to a special post office box.

Float Management

The practice of managing the time difference between issuing and clearing checks to optimize the available cash flow.