Which items does a firm's credit policy consist of?

A) credit period, cash discounts, credit standards, receivables monitoring
B) credit period, cash discounts, credit standards, collection policy
C) credit period, cash discounts, receivables monitoring, collection policy
D) cash discounts, credit standards, receivables monitoring, collection policy

Credit Policy

The guidelines a company follows to determine the amount of credit to extend to customers and the terms of payment.

Credit Period

The time frame allowed by a seller for a buyer to pay for goods or services received, typically measured in days or months.

Receivables Monitoring

The process of overseeing and managing the amounts owed to a company by its customers for goods or services provided.