The Three Primary Policy Variables to Consider When Extending Credit

question 35

Multiple Choice

The three primary policy variables to consider when extending credit include all of the following except

• A) credit standards.
• B) the level of inflation.
• C) the terms of trade.
• D) collection policy.

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Definitions:

Affirmative Action Programs

Initiatives aimed at increasing opportunities for historically disadvantaged groups by encouraging diverse recruitment and selection processes.

Discriminatory Practices

Behavior or actions that unfairly differentiate, exclude, or restrict individuals or groups based on certain characteristics, such as race, gender, age, or religion.

Legal Standpoint

A perspective or position based on laws and legal principles.

Diversity Training

Educational programs aimed at enhancing participants' cultural awareness, knowledge, and skills in promoting diversity and inclusion in the workplace.