____________________ is the right granted to a person or business to purchase items and pay for them at a later time

Fill in the blank(s) with correct word


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Business

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Which of the following correctly describes the accounting treatment for interest payable?

A) It is shown on the balance sheet as a current liability. B) It is shown on the income statement as an operating expense. C) It is shown on the balance sheet as a current asset. D) It is shown on the balance sheet as a long-term liability.

Business

Speaking from memory is also known as ______ and requires considerable skill and speaking expertise.

a. rhetoric b. extemporaneous speaking c. oratory d. monologue

Business

A store's merchandise is categorized and displayed by common end uses in a _____ product grouping

a. functional b. market segment c. purchase motivation d. storability

Business

The board of directors is a group that has a ________ duty to ensure that the company is run consistently with ________ interests of the owners, or shareholders of a corporation and that acts as an ________ between the shareholders and management.

A. fiduciary; long-term; intermediary B. legal; short-term; intermediary C. sworn; long-term; advisor D. formal; short-term; advisor

Business