How Is Credit Approval Generally Handled for Established Customers with a Documented

question 24

Multiple Choice

How is credit approval generally handled for established customers with a documented payment history?

• A)A new credit application is requested.
• B)General authorization by a sales clerk
• C)Specific authorization by the credit manager
• D)A formal credit check should be made for each sale.

---

Definitions:

Loss

Loss refers to the act or instance of losing something, such as property, life, health, or dignity, often leading to feelings of grief and sadness.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.

Substance Dependence

A condition marked by a physical or psychological need to continuously use a substance despite adverse consequences.

Compliance

The act of conforming to or following rules, standards, or laws.