Credit Should Be Granted to Customers in Which Circumstance

question 18

Multiple Choice

Credit should be granted to customers in which circumstance?

• A)If bad debts can be minimised.
• B)If the benefits exceed the costs.
• C)If sales can be increased.
• D)If others in the industry grant credit.

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Definitions:

Conservative

Favoring traditional views and values; tending to resist change or cautious in approach.

Realistic

Having or showing a practical awareness of things as they are; understanding and accepting the physical limitations or the truth of a situation.

Bullish

An attitude or belief that a particular stock, asset, or market is about to rise in value.

Feasibility Study

An assessment of the practicality and potential success of a proposed project or business, analyzing variables such as cost, risk, and benefits.