A business needs a loan to help keep its shelves stocked. This is an example of:
A. an inventory loan.
B. equipment leasing.
C. consumer finance.
D. sales finance.
Answer: A
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Firms in which type of market make zero economic profit in the long run?
A) perfect competition and monopolistic competition B) monopoly C) perfect competition D) monopolistic competition
Market clearing prices in a market system act as
A) a signaling device. B) a direct measure of resource costs. C) a way for producers to advertise. D) a legally determined rationing device.
Ways to "game" the budgeting process include
a. delaying sales if just short of a target b. accelerating expenses if just short of a target c. accelerating sales once a target is met d. accelerating expenses costs once a target is met
One of the factors causing the shrinking gap between rich and poor countries is
a. learning by poor countries. b. increasing resource discoveries. c. increasing populations in poor countries. d. transfers of income from rich countries.