An)________ Is a Designated Neutral Third Party Who Listens to Complaints

question 73

Multiple Choice

An) ________ is a designated neutral third party who listens to complaints and disputes in an attempt to resolve them.

• A)compromiser
• B)bargainer
• C)ombudsperson
• D)advocate
• E)accommodator

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Definitions:

Terms

Conditions and parameters under which credit is extended by a lender to a borrower, including the repayment schedule, interest rate, and maturity date.

Cost of Trade Credit

The cost associated with the terms of credit extended by suppliers, including discounts for early payment and penalties for late payment.

Paying Late

Paying late refers to the action of failing to meet the due date for a financial obligation, which can lead to late fees, interest charges, and negative impacts on credit scores.

Credit Terms

Statements of the credit period and any discounts offered—for example, 2/10, net 30.