Extending Credit to a Customer Has Three Major Components ________

question 13

Multiple Choice

Extending credit to a customer has three major components ________.

• A)a policy on how customers will qualify for credit,a policy on the payment plan allowed creditors,and a policy for collecting overdue bills
• B)a policy on how customers will qualify for credit,a policy on paying commissions on sales,and a policy for collecting overdue bills
• C)a policy on how customers will qualify for credit,a policy on the payment plan allowed creditors,and a policy on accounting for depreciation
• D)a policy on how customers will qualify for credit,a policy on accounting for depreciation,and a policy on paying commissions on sales

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Definitions:

Consensus

A general agreement among the members of a group or a decision-making process where all participants support or accept the decision made.

Attribution Theory

A psychological theory focused on explaining how individuals determine the causes of behavior and events.

Self-Efficacy

An individual's belief in their own ability to succeed in specific situations or accomplish a task.

Negative Reinforcers

A stimulus whose removal after a response strengthens the likelihood of that response occurring in the future.