________ are established to evaluate a customer's creditworthiness and to determine the minimum requirements for extending credit to a customer.
A) Lines of credit
B) Credit limits
C) Collection agencies
D) Credit standards

Question

Quizplus · Accepted Answer

Credit standards are established by businesses to evaluate a customer's creditworthiness and to determine the minimum requirements for extending credit to a customer. Credit limits and lines of credit are the terms and conditions set by a business for the amount of credit extended to a customer, while collection agencies are third-party entities hired to collect outstanding debts from customers.

________ Are Established to Evaluate a Customer's Creditworthiness and to Determine