____ are the criteria the firm uses to screen credit applicants to determine which of its customers should be offered credit and how much.
A) Credit terms
B) Credit standards
C) Seasonal datings
D) Credit extension policies

Question

Quizplus · Accepted Answer

Credit standards are the criteria used by a firm to screen credit applicants and determine if they are eligible for credit and how much credit they are eligible for. Credit terms refer to the payment terms and conditions of the credit offered to customers, seasonal datings refer to specific payment due dates based on a customer's seasonal business cycle, and credit extension policies refer to the overall policies and procedures for offering credit to customers.

____ Are the Criteria the Firm Uses to Screen Credit