Which of the Following Factors of the CAMPARI Approach Refers

question 21

Multiple Choice

Which of the following factors of the CAMPARI approach refers to demonstrating a firm's ability to repay both the interest and the principal?

• A) Place
• B) Purpose
• C) Character
• D) Alliance
• E) Repayment

---

Definitions:

Cell Phone Covers

Cell Phone Covers are protective and decorative accessories designed to encase and safeguard mobile phones.

Cash Payments Journal

An accounting journal used to record all cash payments made by a company, including expenses and purchases.

Prepaid Insurance

Payments made for insurance coverage that has not yet been incurred, recorded as an asset on the balance sheet.

Supplies Account

An account used in accounting to track the amount spent on supplies that are used in the business operations.