Criteria for Extending Credit to New Customers Usually Involve the Following

question 144

True/False

Criteria for extending credit to new customers usually involve the following issues:
(1)length of time in business
(2)adequate net worth
(3)an acceptable current ratio
(4)a "clean" credit record.

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Definitions:

Jeffrey Wigand

A former tobacco company executive known for whistleblowing about the industry's knowledge of the addictive nature of nicotine and health dangers of smoking.

Unethical Behaviour

Unethical Behaviour consists of actions that violate moral principles, professional guidelines, or established standards, often causing harm or disadvantage to others.

Conditioning

A type of learning process in which an individual's behavior is modified through reinforcement or punishment.

Classical Conditioning

An educational mechanism involving the repeated combination of two stimuli, resulting in the first stimulus eventually eliciting a response that was originally elicited by the second stimulus.