Attached. Please let me know if you have any questions or need revisions.Business QuestionsStudent’s NameCourseInstitutional AffiliationInstructor’s NameDateQUESTION 1Typical Data- upon the establishment of an agreement between a business and acustomer, an order is issued, which is referred to as sales order. Therefore, in the sales order,typical data includes information like the names of customers, the date of the agreement, theitems acquired by the customer, and the date of delivery.Agreement DateCustomerNamesTypical DataAcquired ItemsDelivery DateSource of Data- this refers to the ways in which data included the sales order iscollected. Source of data can be the orders received from customers, invoices, sales leads, emailsfrom customers, the business service calls, and direct contact with the customers.InvoicesOrdersDirectcontactSales leadsSource of DataService callsEmailsQUESTION 2Credit management refers to the process of giving credit, putting down the terms inwhich the credit is given on, retrieving the credit when it is due, and conquering with the policiesrelated to credit in the company.Effective credit management aims at preventing late payments or non-payment of credit.Proper credit management strengthens the financial position of a company. It is a…
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