The Three Primary Policy Variables to Consider When Extending Credit

question 35

Multiple Choice

The three primary policy variables to consider when extending credit include all of the following except

• A) credit standards.
• B) the level of inflation.
• C) the terms of trade.
• D) collection policy.

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Definitions:

Observational Learning

Acquiring understanding by observing the actions of others and the consequences that follow.

Biological Basis

The underlying physiological and genetic components that attribute to specific behaviors, traits, or conditions.

Observational Learning

The process of learning through watching others, retaining the information, and then later replicating the behaviors that were observed.

Prosocial Behavior

Positive, constructive, helpful behavior. The opposite of antisocial behavior.