Explain briefly and concise based on your own understanding.

 Subject: Credit and Collection

1. How important is the role of a credit manager in credit management?

2. How important proper client selection is?

3. Out of the five (5) Cs of credit, what is the most important of them? Why?

4. What is credit analysis?

5. What are the basic considerations in conducting credit analysis?

6. How important credit analysis in credit management?