19 In general, a firm's credit policy should grant credit whenever the expected O loss from default is less than the cost of the product O profit from granting credit exceeds the profit from refusing O profit exceeds the price of the product probability of a loss is less than 50

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19  In general, a firm's credit policy should grant credit whenever the expected  O loss from default is less than the cost of the product  O profit from granting credit exceeds the profit from refusing  O profit exceeds the price of the product  probability of a loss is less than 50

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Question

19. In general, a firm's credit policy should grant credit whenever the expected: O loss from default is less than the cost of the product.

19. In general, a firm's credit policy should grant credit whenever the expected: O loss from default is less than the cost of the product. O profit from granting credit exceeds the profit from refusing. O profit exceeds the price of the product. probability of a loss is less than 50%

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