The authority for establishing credit policy normally resides with which of the following?

Question

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The credit department is responsible for assessing the creditworthiness of customers and recommending credit limits and payment terms to upper management. Therefore, the authority for establishing credit policy normally resides with the credit department and upper management. The other options listed may have input into the credit policy, but do not have the primary responsibility for establishing it.

The Authority for Establishing Credit Policy Normally Resides with Which