Factors to Consider When Granting Credit to Customers Include

question 87

Multiple Choice

Factors to consider when granting credit to customers include:

• A) the variable costs of the products the firm is selling on credit.
• B) the credit limit being offered to the customer.
• C) the ability of the customer to repay.
• D) all of the above
• E) (b) and (c) only

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Definitions:

Principles of Equity

The set of legal principles that guide courts in deciding cases fairly when common law principles are insufficient or inadequate.

Public Administrative Law

The body of law that governs the activities of administrative agencies of the government, including rule making, enforcement, and adjudication.

Royal Assent

Needed in order for a bill to become law.

Lieutenant-Governor

An official who acts as the deputy to the governor, performing duties as assigned or in the governor's absence.