The Four Primary Elements in a Firm's Credit Policy Are

question 64

True/False

The four primary elements in a firm's credit policy are (1)credit standards, (2)discounts offered, (3)credit period, and (4)collection policy.

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Definitions:

Culture

The shared values, beliefs, and behaviors within an organization that influence how employees work and interact.

HRIS

Human Resources Information System; a software or online solution for the data entry, data tracking, and data information needs of the human resources, payroll, management, and accounting functions within a business.

Transition Team

A group formed to ensure a smooth changeover in leadership or during the implementation of significant organizational changes.

Conglomerate Merger

The merger of two organizations competing in different markets.