Credit Approval Policies Are Implemented by Organizations Primarily to

question 116

Multiple Choice

Credit approval policies are implemented by organizations primarily to

• A)determine revenue recognition policies.
• B)ensure customer satisfaction.
• C)prevent lapping by the accounts receivable department.
• D)ensure the realization of receivables.

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Definitions:

Tag

A label or identifier that gives information about data in databases or elements in programming contexts.

One Shot Program

A program or routine that is executed only once upon receiving a specific triggering condition or signal.

ADD Function

The ADD Function is a basic arithmetic operation used in programming and computing to sum two or more numbers.

Limit Switch

A limit switch is a device used to detect the physical presence or position of an object, often used to control machinery and ensure operations within safe bounds.