A credit limit is:

a. The minimum credit amount a customer needs to be offered

b. The dollar ceiling amount that cumulative credit can reach

c. At what level the company decides to start credit collections

14. Dun and Bradstreet is a (an):

1. Accounting firm that does corporate audits
2. Law firm that works with the SEC
3. Information source about businesses

15. A cash discount is available when the net date of 30 days for the payment is reached.

a. True b. False