Question 1 (2 points) Critical success factors are those things that your business must get right in order to succeed. True False Question 2 (2 points) Inventory management is the task of balancing the costs of holding too much inventory with the costs of not holding enough equity True False Question 3 (2 points) The three main components involved in setting up credit policies are: Terms of sale, credit policies, collection reports Terms of sale, credit decisions, collection policies Credit decisions, collection payments, sales invoices Sales invoices, collection payments, collection policies Question 4 (2 points) Credit should only be given to those customers that meet certain criteria once you have analyzed their creditworthiness True False Question 5 (2 points) The 5 Cs of credit evaluation are: Character, Containment, Capital, Collateral, Conditions Character. Capacity, Capital, Credit Conditions Character. Capacity, Collection, Collateral. Conditions Character. Capacity, Capital, Collateral, Conditions