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Credit management - Quiz
Contributed by: Morris
  • 1. How many main groups of credit managers are identified based on legal and jurisdictional knowledge?
A) Two
B) Four
C) Five
D) Three
  • 2. Which of the following is identified as a specific type of credit manager in the text?
A) Retail credit manager
B) Corporate credit manager
C) International credit manager
D) Construction credit manager
  • 3. What is considered a specialist area of credit management requiring specific skills?
A) Construction credit management
B) Consumer credit management
C) Retail credit management
D) Commercial credit management
  • 4. What kind of legal knowledge is required for a construction credit manager?
A) Security and lien law
B) Consumer protection law
C) Bankruptcy litigation law
D) International trade law
  • 5. Which professional organization serves credit managers in Australia?
A) National Association of Credit Management
B) Australian Institute of Credit Management
C) Credit Institute of Canada
D) Chartered Institute of Credit Management
  • 6. What is the official designation for credit professionals in Canada?
A) Certified Credit Business Associate
B) Certified Credit Professional
C) Fellow Credit Institute
D) Chartered Credit Executive
  • 7. What was the former name of the Certified Credit Professional designation in Canada?
A) Fellow Credit Institute
B) Certified Credit Manager
C) Credit Institute Fellow
D) Chartered Credit Professional
  • 8. What is the name of the French association for credit managers?
A) Chartered Institute of Credit Management
B) Australian Institute of Credit Management
C) Association Française des Credit Managers
D) National Association of Credit Management
  • 9. When did the Chartered Institute of Credit Management in the UK receive its Royal Charter?
A) 1 January 2010
B) 1 January 2020
C) 1 January 2005
D) 1 January 2015
  • 10. Which organization provides certification for credit managers in the United States?
A) National Association of Credit Management
B) Credit Institute of Canada
C) Australian Institute of Credit Management
D) Chartered Institute of Credit Management
  • 11. Which of the following is a certification level offered by the National Association of Credit Management?
A) Certified Credit Executive
B) Certified Credit Professional
C) Fellow Credit Institute
D) Chartered Credit Manager
  • 12. Besides lien law, what other ability is essential for construction credit managers?
A) Understanding the construction pyramid
B) Calculating material waste
C) Creating architectural designs
D) Negotiating union contracts
  • 13. In the construction industry, who might a credit manager need to deal with?
A) Only government inspectors
B) Only site laborers
C) Both white and blue collar staff
D) Only executive management
  • 14. What practical activity might a construction credit manager be expected to perform?
A) Site visits
B) Equipment maintenance
C) Architectural drafting
D) Safety inspections
  • 15. Which group of credit managers is NOT specifically mentioned as one of the three main types?
A) Consumer credit managers
B) Commercial credit managers
C) Construction credit managers
D) Government credit managers
  • 16. What is a common method for measuring cash flow efficiency?
A) Price-to-earnings ratio
B) Return on investment (ROI)
C) Earnings before interest and taxes (EBIT)
D) Days sales outstanding (DSO)
  • 17. What happens when a company uses a structured credit policy?
A) It increases legal expenses
B) It forces customers to pay in cash
C) It reduces the need for credit managers
D) It creates an audit trail
  • 18. What is a responsibility of a credit manager regarding delinquent customers?
A) Ignoring payment delays
B) Initiating legal or recovery actions
C) Approving new sales orders
D) Offering additional credit
  • 19. Which of the following is an example of a security interest?
A) Employee bonuses
B) Bad debt write-offs
C) Credit rating criteria
D) Personal guarantees
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