Which of the followings are integral dimensions of a firm’s credit policy? a. Credit standards b.…
A firm's accounts receivable credit policy is governed by four controllable decision variables (dimensions): (a) Credit standards, (c) Credit period, (d) Cash discount…
Choose your answer
Which of the followings are integral dimensions of a firm’s credit policy?
a. Credit standards
b. Credit appraisal
c. Credit period
d. Cash discount
e. Collection period Choose the most appropriate answer from the option given below:
Answer and explanation
Correct answer B
A firm's accounts receivable credit policy is governed by four controllable decision variables (dimensions): (a) Credit standards, (c) Credit period, (d) Cash discount terms, and (e) Collection policy/period.
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UGC NET Management