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Business
Management
. To make goal setting effective and worthwhile, the goals should be specific, objective and verifiable. II. In conservative strategy, credit sales decrease, collection rate increase, AR balance decrease, bad debts decrease and collection expense decrease. III. The indispensable 5Cs of credit shall be followed in credit policy. What statement(s) is/are true?

. To make goal setting effective and worthwhile, the goals should be specific, objective and verifiable. II. In conservative strategy, credit sales decrease, collection rate increase, AR balance decrease, bad debts decrease and collection expense decrease. III. The indispensable 5Cs of credit shall be followed in credit policy. What statement(s) is/are true?

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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I. To make goal setting effective and worthwhile, the goals should be specific, objective and verifiable.

II. In conservative strategy, credit sales decrease, collection rate increase, AR balance decrease, bad debts decrease and collection expense decrease.

III. The indispensable 5Cs of credit shall be followed in credit policy.

What statement(s) is/are true?
A. I, II, III
B. I, II
C. I, III
D. II, III
E. Only I
F. Only II
G. Only III
H. None
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