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Chapter 28 - Credit and Inventory Management
28- PAGE 1
Chapter 28
Credit and Inventory Management
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Multiple Choice Questions?
1.?Selling goods and services on credit is:?A.?an investment in a customer.B.?never necessary unless customers cannot pay for the goods.C.?a decision independent of customers.D.?permissible if your bank lends the money.E.?None of the above.
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2.?When credit is granted to another firm this gives rise to a(n):?A.?accounts receivable and is called a consumer credit.B.?credit due and is called an installment note.C.?accounts receivable and is called trade credi
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