Which One of the Following Is Not One of the Three

question 25

Multiple Choice

Which one of the following is not one of the three steps involved in establishing a credit policy?

• A) Establishing credit payment patterns
• B) Establishing credit standards
• C) Establishing a collection policy
• D) Establishing credit terms

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Definitions:

Selective Perception

The tendency to notice and interpret elements in our environment based on our expectations, beliefs, and attitudes.

Social Perception

The process by which individuals form impressions of and make inferences about other people and events in their social world.

Fundamental Attribution

The tendency to overestimate the effect of personality or disposition and underestimate the influence of situational factors in explaining others' behavior.

Conceptual Filtering

The process of selectively paying attention to information that is relevant to one's existing beliefs and concepts.