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

---

Definitions:

Stratification

The hierarchical arrangement of individuals in a society, often based on factors like wealth, power, and prestige.

Subordination

The condition of being lower in rank or position, or the process of placing someone or something in such a lower position.

Polyandry

A form of marriage in which a woman has more than one husband at the same time.

Multiple Wives

A marital practice wherein an individual has more than one wife simultaneously, known as polygyny.