The three components of credit policy are:

Multiple Choice

• collection policy, credit analysis, and interest rate determination.

• interest rate determination, repayment analysis, and terms of sale.

• collection policy, credit analysis, and terms of the sale.

• credit analysis, repayment analysis, and terms of the sale.

• collection policy, interest rate determination, and repayment analysis.

The EOQ model assumes inventory:

Multiple Choice

• can be delivered immediately upon order.

• is sold at a steady rate until it is depleted.

• will be available just as it is needed for production.

• is held at a constant level.

• has seasonal fluctuations.