Short-Term Notes Payable

question 56

Multiple Choice

Short-term notes payable:

• A)Cannot replace an account payable.
• B)Can be issued in return for money borrowed from a bank.
• C)Are not negotiable.
• D)Are a conditional promise to pay.
• E)Rarely involve interest charges.

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Definitions:

C2B

Consumer-to-Business, a business model where consumers create value and businesses consume that value; for example, customer reviews or selling products online to companies.

Internet

A global network connecting millions of computers to facilitate data exchange.

Breadcrumb Trail

A navigation aid that shows users the path they have taken to get to a web page or where the page is located within the website; it usually appears at the top of a page.

Navigation

The process or activity of accurately ascertaining one's position and planning and following a route.