Mo works as a landscape architect. He is the sole owner of his LLC$,$ and he has to manage all accounts receivables. When he first started his business, he would agree to provide services for clients without doing any due diligence first. This led to some awkward situations where clients would agree to pay for services, but then they would later admit that they couldn't afford it$.$ Mo should have spent time $$ to help prevent this kind of situation.

deciding on an appropriate collection policy

establishing credit standards

establishing the right capital structure

setting credit terms