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0. The following two statements relate to receivables management. Choose the correct code for the statements being correct or incorrect. Statement I: The major controllable decision variables for deciding the credit policy are the credit standards and analysis and the credit terms only. Statement II: Factoring is a popular mechanism of managing, financing and collecting receivables. Code:
Statement I is correct, but II is incorrect.
Statement II is correct, but I is incorrect.
Both the statements I and II are correct.
Both the statements I and II are incorrect.
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