Which of the Following Policies Is a Minimum Standard for Managing

question 88

Multiple Choice

Which of the following policies is a minimum standard for managing customer credit?

• A) Providing cash discounts to customers who delay payments
• B) Continuing credit sales to customers who become significantly late in paying
• C) Authorizing credit sales without any credit check to every individual customer
• D) Filing suits and liens against the assets of customers who default on payment

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Definitions:

Skeleton

The internal framework of bone and cartilage in vertebrates (including humans) that supports and protects the body while also aiding in movement.

Asymmetrical Body

A bodily form in which the left and right sides do not mirror each other in shape or size, uncommon among higher organisms.

Phylum

A rank in the biological classification system that is below kingdom and above class, grouping together organisms that share a common ancestor and basic body plan.

Porifera

A phylum of aquatic invertebrate animals that comprises the sponges, characterized by a porous body and a simple construction.