Which of the Following Is Not One of the Four

question 85

Multiple Choice

Which of the following is not one of the Four Credit Questions (FCQ) used in evaluating the credit status of an applicant?

• A) Can the buyer pay as promised?
• B) Will the buyer pay?
• C) Does the buyer have sufficient viable credibility?
• D) Can the buyer be force to pay?

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Definitions:

Profits

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Firms

Business organizations involved in the production and sale of goods and services.

Payroll Tax

Taxes imposed on employers and employees, calculated as a percentage of the salaries that employers pay to their staff.

Regressive

A term typically used to describe tax systems that take a smaller percentage of income as income increases, disproportionately affecting lower-income earners.