Credit Insurance

Credit Insurance

Professional Development

7 Qs

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Assessment

Quiz

Business, Professional Development

Professional Development

Practice Problem

Hard

Created by

Netalie Ronen

Used 8+ times

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7 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 5 pts

What type of credits are not valid for premium refund?

You can choose more than one answer

End of season Rebate

Product complaint

Price or Quantity error

Item number error

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What type of customers we need to insure?

All customers that purchase with Credit terms

Only risky customers

Big, non-risky customers don’t need insurance

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What are the threshold conditions for SDL (Self Discretionary Limit)?

Entity registered for at least one year

No published alerts on the customer

Purchase less than USD 25K annually

All the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What are the maximal credit days allowed?

EOM+ 90 days

EOM+ 120 days

EOM +150 days

EOM+ 180 days

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following events is not insured:

Customer in liquidation or bankruptcy

Customer that struggles cash-flow difficulties

Customer that has a commercial dispute with Tama

Customer active in a country that currently have political situation

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is the credit limit amount we should ask for a customer?

Annual targeted turnover

Expected exposure

Total upcoming sale order

7.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

Should the credit limit amount include VAT?

YES

NO

It depends...