CHAPTER_22_PROVIDING_AND_OBTAINING_CREDIT

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1、CHAPTER22—PROVIDINGANDOBTAININGCREDIT1. Thecreditperiodistheamountoftimeittakestodoacreditsearchonapotentialcustomer. a. True b. FalseANSWER:  FalsePOINTS:  1DIFFICULTY:  Difficulty:ModerateLEARNING OBJECTIVES:  INTE.GENE.16.144-LO:22-1NATIONAL STANDARDS:  UnitedStates-BUSPROG:Reflectiv

2、eThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:Capitalbudgetingandcost-DISC:CapitalbudgetingandcostofcapitalLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  CreditperiodKEYWORDS:  Bloom’s:Comprehension2. Creditstandardsrefertothefinancialstrengthandimportanceofapotentialcustom

3、ertothefirmrequiredinordertoqualifyforcredit. a. True b. FalseANSWER:  FalsePOINTS:  1DIFFICULTY:  Difficulty:ModerateLEARNING OBJECTIVES:  INTE.GENE.16.144-LO:22-1NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:Capitalbudgetingandcost-

4、DISC:CapitalbudgetingandcostofcapitalLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  CreditstandardsKEYWORDS:  Bloom’s:Comprehension3. Thecollectionprocess,althoughsometimesdifficult,isafairlyinexpensivecomponentofdoingbusiness. a. True b. FalseANSWER:  FalsePOINTS:  1DIFFICUL

5、TY:  Difficulty:ModerateLEARNING OBJECTIVES:  INTE.GENE.16.145-LO:22-3NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:Capitalbudgetingandcost-DISC:CapitalbudgetingandcostofcapitalLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS: 

6、 CollectionpolicyKEYWORDS:  Bloom’s:Comprehension4. Thecollectionprocess,althoughsometimesdifficult,isalsoexpensiveintermsofout-of-pocketexpenses. a. TrueCengageLearningTesting,PoweredbyCogneroPage 20CHAPTER22—PROVIDINGANDOBTAININGCREDIT b. FalseANSWER:  TruePOINTS:  1DIFFICULTY:  Diffi

7、culty:ModerateLEARNING OBJECTIVES:  INTE.GENE.16.145-LO:22-3NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:Capitalbudgetingandcost-DISC:CapitalbudgetingandcostofcapitalLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS: