Effective financial managers evaluate customers' ability to pay for merchandise purchased on credit.

Name: Effective financial managers evaluate customers' ability to pay for merchandise purchased on credit.
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Question

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Evaluating customers' ability to pay for merchandise purchased on credit is an important aspect of effective financial management. This helps reduce the risk of bad debt and ensures that the business maintains a steady cash flow.

Effective Financial Managers Evaluate Customers' Ability to Pay for Merchandise