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

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 payment patterns is not one of the three steps.

Which One of the Following Is NOT One of the Three