When evaluating credit, a customer who has paid all bills on time and has favorable credit
references from other creditors is said to have
A) capacity. B) collateral.
C) creditworthiness. D) character.
D
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Businesses create a lot of knowledge for their owners and that knowledge has no intrinsic value.
Answer the following statement true (T) or false (F)
Company A's current assets = $10,000, total assets = $26,000, current liabilities = $7,000 and total liabilities = $47,000. What is Company A's current ratio?
A) $3,000 B) $21,000 C) 1.43 D) 0.55
_____ generally includes all purchasing activities, plus the monitoring of all elements of purchase transactions
a. Procurement b. Logistics c. Distribution d. Sales
Deliberately selling a product below its customary price, not to increase sales, but to attract customers' attention in hopes that they will buy other products as well, is referred to as
A. predatory pricing. B. loss-leader pricing. C. bundle pricing. D. magnet pricing. E. below-market pricing.