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