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:

Management Function

A set of activities such as planning, organizing, leading, and controlling directed towards an organization's resources to achieve its objectives.

Informational Roles

The roles played by individuals, especially leaders, in collecting, sharing, and analyzing information within an organization.

Henry Mintzberg

A renowned management theorist known for his work on organizational structures, strategy, and management effectiveness.

Technical Skill

The expertise and ability to perform tasks related to a specific field or profession, typically involving methods, processes, or procedures.