Verbs That Have Been Transformed into Nouns Are Called

question 86

Multiple Choice

Verbs that have been transformed into nouns are called

• A) adjectives.
• B) nominalizations.
• C) nounizations.
• D) passive verbs.

Comprehend the role and importance of a company’s collection policy.

Understand the use of trade credit and the information exchanged through credit bureaus.

Identify the broad issues in receivables policy including criteria for credit, terms of sale, and handling of delinquent customers.

Comprehend the benefits and consequences of extending trade credit.

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Definitions:

Apparent Authority

The ability of an agent to bind a principal where the principal has not notified third parties of the restricted or terminated authority of the agent.

Principal

A person on whose behalf an agent acts.

Terminated

The end of an employee's employment due to dismissal or discharge by the employer, often for cause or due to organizational changes.

Apparent Authority

The appearance or assumption of authority based on the actions or statements of the principal, leading third parties to believe that a representative has authority to act.