Which of the Following Are Frequently Used as Sources of Information

question 76

Multiple Choice

Which of the following are frequently used as sources of information when trying to ascertain the creditworthiness of a customer?
I.payment history with similar firms
II.credit reports
III.financial statements
IV.information provided by a bank

• A)I and III only
• B)II and IV only
• C)I and II only
• D)I, II, and III only
• E)I, II, III, and IV

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Definitions:

Sales Contract

A legal agreement between a buyer and a seller which outlines the terms and conditions of a sale of goods or services.

Damaged Goods

Items that are broken, defective, or impaired in such a way that they cannot perform their intended function.

Risk Of Loss

Refers to the accountability for the damage or loss of goods, typically determined by the terms of sale or agreement.

Seller

An individual or entity that offers a product or service for sale to a buyer.