Businesses, in Deciding to Extend Credit to New Customers, Try

question 36

Multiple Choice

Businesses, in deciding to extend credit to new customers, try to reduce defaults by:

• A)determining the probability of non-payment.
• B)gathering independent credit checks.
• C)determining if it is profitable to extend credit.
• D)All of the above.
• E)None of the above.

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Definitions:

Wilhelm Roentgen

The German physicist who discovered X-rays in 1895, an achievement for which he was awarded the first Nobel Prize in Physics in 1901.

X-rays

A form of electromagnetic radiation with wavelengths shorter than ultraviolet light, capable of penetrating solids and used in medical imaging.

Discovered

The act of finding or uncovering something that was previously unknown or hidden.

Electroplating

The act of depositing the atoms of one type metal onto another.