________ are established to eliminate the necessity of checking a major customer's credit each time a major purchase is made.
A) Credit standards
B) Credit policies
C) Credit departments
D) Lines of credit

Question

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Lines of credit are established to eliminate the necessity of checking a major customer's credit each time a major purchase is made. This allows the customer to make purchases within the specified credit limit without having to go through the credit approval process each time. Credit standards refer to the criteria used to determine creditworthiness, credit policies refer to the guidelines governing the extension of credit, and credit departments manage the organization's credit activities.

________ Are Established to Eliminate the Necessity of Checking a Major