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Involves the policies and practices retailers follow in receiving payments from their customers.
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WHY ARE Planning and control the Siamese twins of management?
In management, planning and control are inseparable and are referred to as the Siamese twins of management. They are used together to set standards, take corrective actions, and establish objectives and how to get the objectives.
What is the third interrelated component of internal control?
Control activities that are policies and procedures to ensure that management objectives are carried out.
What does internal control evaluation entail?
Internal control evaluation involves everything management does to control the organization in the effort to achieve its objectives
What are the function of credit control department?
The functions of the credit control department include the effective and efficient control and collection of all income and debt management.
Objectives of management reporting?
objectives or purpose of management reporting
What are the objectives of a credit policy?
Five (5) objectives of a credit policy are listed as follows: * To ensure consistency in the processes and procedures used to manage all credit aspects of an organization * To ensure that the expectations of the management of an organization and the credit department are aligned and met consistently * To ensure that all customers are treated fairly when making credit decisions * To provide for succession management and training if credit personnel leave the business * To evaluate credit decision making and adjust as circumstances warrant
What are the objectives of credit policy?
Five (5) objectives of a credit policy are listed as follows: * To ensure consistency in the processes and procedures used to manage all credit aspects of an organization * To ensure that the expectations of the management of an organization and the credit department are aligned and met consistently * To ensure that all customers are treated fairly when making credit decisions * To provide for succession management and training if credit personnel leave the business * To evaluate credit decision making and adjust as circumstances warrant Read more:
Narrate the objectives and elements of productions and operations management?
define the operational Management and objectives and importance of operational Management ?
Discuss the concept of management objectives?
Management objectives refer to setting goals. This is a process in which management and employees set objectives, understand, and agree on their role in meeting that objective.
Incident Action Plans IAPs depend on to accomplish response?
Management by objectives.
What is the purpose of management by objectives?
simplify the jobs of middle management by providing them with predetermined goals and objectives.
What has the author J S Drew written?
J. S. Drew has written: 'Credit control for a small retailer' -- subject(s): Management, Retail trade, Consumer credit, Credit management, Small business
