A mercantile credit bureau serves primarily as a (n):
A) collection agency for delinquent accounts
B) common meeting place where credit managers may exchange information
C) organization through which accounts receivable may be sold to other businesses
D) central record-keeping organization for credit information on business

Question

Quizplus · Accepted Answer

A mercantile credit bureau is primarily focused on maintaining a central record-keeping system for credit information on businesses. This allows creditors to access credit reports on potential customers and assess their creditworthiness before extending credit. While some credit bureaus may also offer collection services or facilitate the sale of accounts receivable, these are not their primary functions.

A Mercantile Credit Bureau Serves Primarily as a (N)