Question 5: Credit plays a crucial role in any business in the current scenario. Credit is the trust which allows one party to provide resources to another party wherein the second party does not reimburse the first party immediately, but promises either to repay or return those resources at a later date. Credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of people. As a manager of manufacturing organization, list down principles regarding receivable management. Lastly, suggest any five points so that company will not have any problems in credit collecting and it improves in receivables management. (10 Marks, Word Limit 200-400)