Which of the Following Is Not an Example of Microfinance

question 34

Multiple Choice

Which of the following is not an example of microfinance?

• A)A loan to a farmer for a goat that will give milk that the farmer can sell.
• B)A loan to a small restaurant owner to buy a refrigerator.
• C)A loan to a U.S.-owned electronics company to expand overseas.
• D)A loan to a woman to buy a sewing machine to make clothes to sell.

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Definitions:

Transferred-In Materials

The costs of materials that were processed in a prior production department and then moved to a subsequent process or department.

Process Cost Accounting

A method of accounting used in manufacturing environments to allocate costs to products based on the processes they go through.

Cost Concept

An accounting principle that dictates all goods and services purchased are recorded at their original purchase cost.

Accounting Records

Documentation and books used to prepare financial statements and track financial transactions.