A mechanism by which a short-term loan is made, allowing a shopper to purchase goods or services today and pay for it at a later date, is known as a ____ card.

A. debit
B. commodity
C. credit
D. fiat


Answer: C

Business

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Which one of the following would require interperiod tax allocation?

A) percentage depletion in excess of cost depletion B) premiums paid on a life insurance policy of which the company is the beneficiary C) interest on state municipal bonds D) investment income recognized by the equity method for accounting purposes but as income when received for tax purposes

Business

Which of the following is a stage in the product life cycle (PLC)?

A) design B) development C) growth D) maintenance

Business

______________occurs when individuals work harder in the presence of others.

a. Social loafing b. Social facilitation c. Social bias d. Social effectiveness

Business

An instrument payable in gold would be negotiable

Indicate whether the statement is true or false

Business