Credit Approval Policies Are Implemented by Organizations Primarily to Accomplish

question 68

Multiple Choice

Credit approval policies are implemented by organizations primarily to accomplish which of the following objectives?

• A)To determine revenue recognition policies.
• B)To ensure customer satisfaction.
• C)To prevent lapping by the accounts receivable department.
• D)To minimize credit losses.

---

Definitions:

Maintenance Council

An organization or group that sets standards and practices for the maintenance and repair of vehicles or machinery.

Hands-on Experience

Practical experience gained by actually doing or engaging in an activity, rather than just theoretical learning.

Wide Base Singles

Single, broader tires designed to replace traditional dual tires on vehicles, improving efficiency and load-carrying capacity.

Drive Axles

Components of a vehicle's drivetrain that transfer power from the transmission to the wheels, enabling motion.