Within the context of accounts receivable, credit policy consists of the following variables: Select one: a. Collection policy which refers to the procedures used to collect past due accounts, including the toughness or laxity used in the process. b. Credit standards which refer to the required financial strength of acceptable credit customers c. Discounts which are price reductions given for early payment d. All e. credit period which is the length of time buyers are given to pay for their purchases