Final Exam
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Question 1 of 10
1. Question
Please match the comment that best describes the quick fix.
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Owner Credit Leadership
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Collect One Old Write-Off
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Pre-Qualify Top Prospects
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Top 5 EFT Hit List
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Electronic Check Deposit
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Slow Pay Cost Enlightenment
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Key Frustration Triple Solution
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Question 2 of 10
2. Question
Please match the comment that best describes the quick fix.
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- This is the highest dollar non-EFT account where the mission is to get the company to sign up during a face-to-face meeting.
- This involves the "Carrot and Stick"Approach.
- Reviewing only businesses for how much credit can be obtained, speeding up cash receipt and reducing delays.
- The credit staff works on the easiest of the remaining accounts to sign up for EFT.
- Running a customer's physical check through a phyical check scanner in your office.
- Reviewing the late payment of customers on a per-gallon cost.
- Brainstorm three possible solutions to your most frustrating credit/work challenge
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Owner Credit Leadership
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Collect One Old Write-Off
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Pre-Qualify Top Prospects
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Top 5 EFT Hit List
-
Electronic Check Deposit
-
Slow Pay Cost Enlightenment
-
Key Frustration Triple Solution
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Question 3 of 10
3. Question
What is the benefit of having a credit Matrix?
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Question 4 of 10
4. Question
According to the new credit process the bare bones risk rating assignment should include the following areas:
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Question 5 of 10
5. Question
When determines good collateral?
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Question 6 of 10
6. Question
Which of the following is not a con of outsourcing?
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Question 7 of 10
7. Question
Which of the following is not a pro of outsourcing?
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Question 8 of 10
8. Question
__________ Insurance is limited to aggregate limit, each qualifying loss limit, and indirect sub-limit. Furthermore, the owner or contractor must pay the losses first, then seek reimbursement from the insured.
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Question 9 of 10
9. Question
Obtaining a ________ bond will cover 100% of the contract price in the event of non-performance.
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Question 10 of 10
10. Question
Petroanswers provides you templates and examples that can be used in your day-to-day business operations to help communication, collections, and several other items.
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