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:

Intervening Events

Events that occur between the initial act and the final outcome that may affect the outcome or legal responsibilities.

Defendant's Negligent

Refers to a situation where a defendant in a legal case failed to exercise a reasonable standard of care, leading to harm or damage.

Reasonable Blind Person

A hypothetical standard used in legal contexts to assess accessibility or accommodations required for blind individuals to ensure equal opportunities.

Standard of Care

The level of competence, diligence, and prudence that a reasonable person would exercise in similar circumstances, often used in legal and medical contexts.