The Set of Rules That Determines Whether or Not to Extend

question 96

Multiple Choice

The set of rules that determines whether or not to extend credit is known as:

• A)Credit analysis
• B)Credit policy
• C)Multiple discriminate analysis
• D)The terms of trade credit

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Definitions:

Organizational Norms

Shared expectations and standards that guide behavior and interactions within an organization.

Adherence

The act of following or being in compliance with rules, guidelines, or instructions.

Authentic Leaders

Leaders who are self-aware, transparent, and ethical, who prioritize long-term values over short-term gains, and inspire trust and loyalty in followers.

Principle-Centered Power

Influence or authority derived from adhering to a core set of ethical principles or values, rather than from one's position or status.