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:

Function

A relationship between two sets that associates every element of the first set with exactly one element of the second set.

Vertical Line Test

A method used in determining if a graph represents a function, stating that if a vertical line intersects the graph more than once, then the graph is not a function.

Function

An interaction between a collection of inputs and a series of allowed outputs, where each input has a unique output association.