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Which of the following is TRUE with regards to establishing credit limits for customers? O It is important to independently maintain customer accounts and credit limits. O The ability to add a new customer and change or assign a credit limit should be devolved to staff in the sales area. O The Chief Financial Officer should overview all customer credit limits. O Credit limits should be established based on desired sales targets.

Which of the following is TRUE with regards to establishing credit limits for customers? O It is important to independently maintain customer accounts and credit limits. O The ability to add a new customer and change or assign a credit limit should be devolved to staff in the sales area. O The Chief Financial Officer should overview all customer credit limits. O Credit limits should be established based on desired sales targets.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following is TRUE with regards to establishing credit limits for customers? It is important to independently maintain customer accounts and credit limits. The ability to add a new customer and change or assign a credit limit should be devolved to staff in the sales area. The Chief Financial Officer should overview all customer credit limits. Credit limits should be established based on desired sales targets.
Transcribed Image Text:Which of the following is TRUE with regards to establishing credit limits for customers? It is important to independently maintain customer accounts and credit limits. The ability to add a new customer and change or assign a credit limit should be devolved to staff in the sales area. The Chief Financial Officer should overview all customer credit limits. Credit limits should be established based on desired sales targets.
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