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Which of the following is not one of the 'five C's' of deciding which customers should be granted credit?
Business Risk
The exposure to factors that may cause a business to experience lower profits or financial loss, including market competition, regulatory changes, and operational failures.
Endowment Management
The process of overseeing and making investment decisions for an endowment fund to ensure its ability to support a particular organization or cause over time.
Bookkeeping
The practice of recording all financial transactions, ensuring accuracy and completeness in the financial records of an organization.
Accrual Basis Accounting
An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.
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