Why Is It Necessary for a Business Firm to Establish

question 252

Multiple Choice

Why is it necessary for a business firm to establish a credit policy?

• A) A credit policy is necessary to determine how much money the business can borrow to purchase supplies.
• B) A credit policy is necessary to determine how dividends will be distributed to the shareholders.
• C) A credit policy is necessary to determine which suppliers the firm needs to pay.
• D) A credit policy is a means of accounting for the dollar value of inventory-in-process.
• E) A credit policy provides financial managers with expected dates of payment from buyers of the firm's products and services.

Describe the basis and examples of homeostasis within the human body.

Identify the different types of diseases and their characteristics.

Recognize the structure, function, and significance of different body membranes.

Explain the organization and main functions of the urinary and endocrine systems.

---

Definitions:

Superordinate Goals

Objectives shared by individuals or groups that can only be achieved through cooperative efforts, often used to resolve conflicts.

Integrative Negotiation

A negotiation approach aimed at finding mutually beneficial solutions by addressing the interests and needs of all parties involved.

Cognitions

The mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Distributive Bargaining

A negotiation strategy where parties vie for the largest share of a fixed asset, often resulting in a win-lose situation.