Which of the Following Types of Organization Is a Good

question 61

Multiple Choice

Which of the following types of organization is a good source of consumer credit information?

• A) Trade-credit agencies
• B) Third-party reports
• C) The Federal Credit Reporting Agency
• D) Credit bureaus

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Definitions:

Terms of Sale

The conditions under which a seller will complete a sale, typically covering payment terms, delivery times, and warranties.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Credit Extension

The act of lending additional credit to borrowers or the period for which the credit is extended.

Receivables Financing

A form of financing where a company uses its accounts receivable as collateral to obtain a loan or advance, improving cash flow.