Which One of the Following Is NOT One of the Three

question 57

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:

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Culture

The collective norms, values, beliefs, and behaviors that define an organization and influence its members' interactions and decision-making.

Tight Culture

A culture that has rigid social norms and that expects members to conform with them.

Norms

The unwritten rules that dictate the social and expected behaviors within a group or society.