Which of the following statements best describes bartering?
A. It is an agreement by which a financial institution promises to lend a business a predetermined sum on demand.
B. It is a process by which an individual acquires the license to sell another's products or to use another's name in business.
C. It is the process in which a small-business owner provides personal property as collateral for a loan.
D. It is the process in which suppliers allow a business to acquire needed goods and pay for them at a later date.
E. It is the practice of small businesses trading their own products for the goods and services offered by other businesses.
Answer: E
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