The First Step to Building a Workable Credit Policy Is

question 130

Multiple Choice

The first step to building a workable credit policy is:

• A)screening customers carefully before granting them credit.
• B)establishing a firm credit policy in writing.
• C)developing a policy for pursuing past-due accounts.
• D)creating a thorough credit application.

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Definitions:

Human Relations Techniques

Approaches and methods used to improve interpersonal relationships, worker satisfaction, and productivity in the workplace.

Human Relations Movement

An approach to management and organizational behavior emphasizing the importance of social relations and employee well-being.

Unionization

The process of organizing the employees of a company into a labor union to seek collective bargaining rights and protect their interests.

Operations Management

The administration of business practices to create the highest level of efficiency possible within an organization, focusing on converting materials and labor into goods and services as effectively as possible.