Which of the following methods should be used to manage the risk of non-payment by customers?...
Which of the following methods should be used to manage the risk of non-payment by customers?
Select one:
a. Reduce legal costs by finding more affordable legal counsel.
b. Charge outstanding accounts as expenses.
c. Perform credit checks on customers seeking credit.
d. Monitor the financial environment.
Homework Answers
C. Perform credit checks on customers seeking credit.
working;
The following are a few of the steps that can be taken to manage the risk of non payment by customers.
Check the credit record of customers seeking credit.
Establishing credit limits.
Umambiguity in sales agreements.
Using the services of factors.
Standard procedures to handle overdue requests.
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