The Weston office receives this customer-credit issue: owner has slow payment history. Which administrative record should support the decision?
Correct Answer
C) credit-risk review
Customer credit decisions should be supported by applications, references, and documented risk review.
Why This Is the Correct Answer
Customer credit decisions should be supported by applications, references, and documented risk review.
Why the Other Options Are Wrong
Option A: equipment inspection card
equipment inspection card skips the written authority, scope, price, notice, or release control needed for customer credit control.
Option B: submittal color chart
submittal color chart skips the written authority, scope, price, notice, or release control needed for customer credit control.
Option D: expired fuel receipt
expired fuel receipt skips the written authority, scope, price, notice, or release control needed for customer credit control.
Memory Technique
Office Manager shortcut is not a term until paper carries it.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business Administration, Customer Credit Administration; verify the record, approval, or control duty before selecting the answer.
More Business & Finance Questions
The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?
A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?
The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?
The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?
The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?
A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?
A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?
A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?
A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?
A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?