Match the Term with Its Definition

question 93

Multiple Choice

Match the term with its definition.
-A loan for which items of inventory or other movable property serve as collateral

• A)balloon payment
• B)business angels
• C)chattel mortgage
• D)crowdfunding
• E)factoring
• F)initial public offering (IPO)
• G)private placement
• H)real estate mortgage

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Definitions:

Service Department Charges

Expenses allocated to the production or service departments, originating from support departments for costs incurred.

Operating Expenses

Costs associated with the normal operations of a business, excluding the costs of goods sold, such as rent, utilities, and payroll.

Total Service Department Charges

The collective costs charged by service departments within an organization for their services to other departments.

Income From Operations

The profit realized from a business's own operations, excluding income from other sources and before taxes and interest expenses.