Asked by Ja’Juan Clark on May 01, 2024
Verified
The length of time for which credit is granted to a firm's customers is called the ____________.
A) Cash cycle.
B) Operating cycle.
C) Transactions period.
D) Credit period.
E) Disbursement period.
Credit Period
The length of time allowed by a creditor for a borrower to make payment on a merchandise or loan without incurring interest or penalties.
- Familiarize oneself with the basic principles and ideas in credit management, including aspects like credit periods and credit scoring.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
D
Explanation :
The credit period refers to the length of time for which credit is granted to a firm's customers, indicating how long customers have to pay for their purchases.
Learning Objectives
- Familiarize oneself with the basic principles and ideas in credit management, including aspects like credit periods and credit scoring.