Asked by morgan lewallen on Apr 27, 2024
Verified
Which one of the following managers is most likely in charge of establishing the accounts receivable policy?
A) Purchasing manager.
B) Credit manager.
C) Controller.
D) Production manager.
E) Payables manager.
Accounts Receivable Policy
Guidelines a company follows to manage the collection of money owed from clients.
Credit Manager
A Credit Manager is a professional responsible for overseeing a company's credit policies, assessing creditworthiness, and managing credit lines.
- Become familiar with the roles and responsibilities of diverse managers in the realm of financial operations.
- Understand the impact of credit policies on cash flow and customer relationships.
Verified Answer
SA
Sierra AlbisMay 01, 2024
Final Answer :
B
Explanation :
The credit manager typically oversees the organization's credit policies, including establishing the accounts receivable policy.
Learning Objectives
- Become familiar with the roles and responsibilities of diverse managers in the realm of financial operations.
- Understand the impact of credit policies on cash flow and customer relationships.
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