Which one of the following is not one of the three steps involved in establishing a credit policy?
A) Establishing credit payment patterns
B) Establishing credit standards
C) Establishing a collection policy
D) Establishing credit terms

Question

Quizplus · Accepted Answer

The three steps involved in establishing a credit policy are establishing credit standards, establishing credit terms, and establishing a collection policy. Establishing credit payment patterns is not a step in establishing a credit policy, but rather a result of implementing the credit policy.

Which One of the Following Is Not One of the Three