Match the Term with Its Definition

question 91

Multiple Choice

Match the term with its definition.
-A line of credit that requires a down payment, with the balance paid over a specified period of time

• A)consumer credit
• B)credit
• C)credit bureaus
• D)credit card
• E)installment account
• F)open charge account
• G)revolving charge account
• H)trade credit
• I)trade-credit agencies
• J)value

Appreciate the strategic and economic importance of the Caribbean islands to the Spanish Empire.

Analyze the relationship between European political events and the exploration and colonization of the Americas.

Understand how European politics, including the Protestant Reformation, influenced the policies and actions of European monarchs and explorers.

Understand the definition, scope, and application areas of human factors psychology, personnel psychology, and organizational psychology.

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Definitions:

Credit To

An accounting entry that increases the balance of liabilities, equity, or revenue accounts, or decreases the balance of assets or expense accounts.

Authorized Stock

Authorized Stock refers to the maximum number of shares a corporation is legally allowed to issue, as specified in its articles of incorporation.

Formal Accounting Entry

A documented record in accounting that notes all the details of a financial transaction within an organization’s financial system.

Bylaws

The set of rules or guidelines that govern the internal management and regulations of an organization or corporation.