FINAL IDENTIFICATION

Question 1

MEASURE or SPECIFY the credit period

Answer 1

Terms

Question 2

came into the WIDE and POPULAR use to express modification of the usual terms

Answer 2

Dating

Question 3

The NATURE OF THE COMMODITY generally circumscribe the terms of sales.

Answer 3

The Commodity as a Factor

Question 4

the seller recognizes the DISTANT LOCATION OF THE BUYER, and accordingly make a concession in the matter of terms

Answer 4

Geographical Considerations

Question 5

The “REGULAR TERMS” of trade usually apply to shipments of orders received for DELIVERY AT ONCE

Answer 5

Seasonal Dating

Question 6

grant credit to their buyers who CONTINUE TO EXTEND THEIR PATRONAGE though the years.

Answer 6

Terms in Retail Trade

Question 7

grant credit to their buyers who CONTINUE TO EXTEND THEIR PATRONAGE though the years.

Answer 7

Terms in Retail Trade

Question 8

It need NOT TO BE STRESSED herein that there exists a correlation between the grant of credit and the TIME OF PAYMENT

Answer 8

Standing of the Customer

Question 9

this applies specifically to transactions in which the SELLER RECEIVED THE CASH PAYMENT as a condition to delivery of goods, an ironclad protection to the seller’s interest.

Answer 9

Cash before Delivery (C.B.D)

Question 10

THE MOST COMMON PRACTICE in business transactions.

Answer 10

Cash on Delivery (C.O.D)

Question 11

THE MOST COMMON PRACTICE in business transactions.

Answer 11

Cash on Delivery (C.O.D)

Question 12

all shipments MADE DURING A PARTICULAR MONTH are to be considered as though they were made on the LAST DAY OF THE MONTH, and the terms run from the last day.

Answer 12

End of Month (E.O.M)

Question 13

refers to the amount allowed for payment prior to the MATURITY OF THE BILL.

Answer 13

Cash Discounts

Question 14

is INTENDED as an allowance from the price. It is a distinctly an ELEMENT OF PRICE

Answer 14

Trade discount

Question 15

is INTENDED as an allowance from the price. It is a distinctly an ELEMENT OF PRICE

Answer 15

Trade discount

Question 16

refers to the GRANTING AND MANAGING OF CREDIT ACCOUNT to new and existing customers within a company

Answer 16

Credit management

Question 17

does NOT GRANT OR EXTEND credits.

Answer 17

The Credit department

Question 18

is A MAN who occupies a VERY IMPORTANT POSITION in the structure of a credit economy

Answer 18

The Credit Manager

Question 19

is A MAN who occupies a VERY IMPORTANT POSITION in the structure of a credit economy

Answer 19

The Credit Manager

Question 20

This task is PERFORMED BY THE BANK CREDIT INVESTIGATOR who has, as his main objective

Answer 20

Credit Investigation

Question 21

This task is PERFORMED BY THE BANK CREDIT INVESTIGATOR who has, as his main objective

Answer 21

Credit Investigation

Question 22

HANDLE THE OVERALL SUPERVISION of his section or department

Answer 22

Supervisor

Question 23

HANDLE THE OVERALL SUPERVISION of his section or department

Answer 23

Supervisor

Question 24

ASSUMES RESPONSIBILITY OF THE SUPERVISOR in his/her absence

Answer 24

Senior Credit Analyst

Question 25

ASSIST SENIOR CREDIT ANALYST

Answer 25

JUNIOR CREDIT ANALYST

Question 26

Receives and assigns request for APPRAISAL REPORT TO APPRAISER(s)

Answer 26

Senior Appraiser

Question 27

CONDUCTS OCULAR INSPECTION of properties offered as collaterals

Answer 27

Appraiser

Question 28

Receives and assigns request for CIR TO CREDIT INVESTIGATOR

Answer 28

Senior credit investigator

Question 29

Conducts CHECKING AND EVALUATION of applicants for credit accommodation as well as of existing clients

Answer 29

Credit investigator

Question 30

Conducts CHECKING AND EVALUATION of applicants for credit accommodation as well as of existing clients

Answer 30

Credit investigator

Question 31

2 types of cash terms

1. C.B.D
2. C.O.D

Answer 31

1. Cash before delivery
2. Cash on delivery

Question 32

2 types of cash terms

1. C.B.D
2. C.O.D

Answer 32

1. Cash before delivery
2. Cash on delivery

Question 33

2 types of other terms

1. E.O.M
2. D

Answer 33

1. End of month
2. discounts

Question 34

2 types of other terms

1. E.O.M
2. D

Answer 34

1. End of month
2. discounts

Question 35

2 types of discounts

1. CD
2. TD

Answer 35

1. Cash discount
2. Trade discount

Question 36

7 types of credit work
1. S
2. SCA
3. JCA
4. SA
5. A
6. SCI
7. CI

Answer 36

1. Supervisor
2. Senior credit analyst
3. Junior credit analyst
4. Senior appraiser
5. Appraiser
6. Senior credit investigator
7. Credit investigator