CRM1501 ASSIGNMENT 1 FOR 2ND SEMESTER 2024 - Distinction obtained

CMR1501
ASSIGNMENT 1 FOR 2ND SEMESTER 2024




FEND TUTORIALS

, Started on Thursday, 22 August 2024, 2:10 PM
State Finished
Completed on Thursday, 22 August 2024, 2:21 PM
Time taken 11 mins 52 secs
Marks 15.00/15.00
Grade 100.00 out of 100.00
Question 1
Correct
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Question text
Which of the following is not the correct credit assessment that leads to a credit decision?




a.
The decision to accept the application




b.
The decision to reject the application




c.
The decision not to postpone the application




d.
Postponing the decision



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Your answer is correct.
The correct answer is:
The decision not to postpone the application

Question 2
Correct
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Question text
Which of the following is NOT an advantage of positioning the credit department with the financial
function?




a.
The capital available for financing the debtors will be employed effectively.




b.
The financial department will not lose sight of the effect of the credit and collection activities on the
enterprise’s cash flow.


c.
The financial department may look at the granting of credit and collection of debtors in a cold
and clinical way.


d.
Financial management is ultimately also responsible for managing the enterprise’s assets, and current
assets form part of the total assets.
Feedback
Your answer is correct.
The correct answer is:
The financial department may look at the granting of credit and collection of debtors in a cold and
clinical way.

Question 3
Correct
Mark 1.00 out of 1.00

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Question text
Which of the following is NOT an advantage of a written credit and collection policy for the
enterprise?


Whatsapp Marlvin @ +2763 173 8181