Match the Term with Its Definition

question 35

Multiple Choice

Match the term with its definition.
-A long-term loan with real property held as collateral

• A)balloon payment
• B)business angels
• C)chattel mortgage
• D)crowdfunding
• E)factoring
• F)initial public offering (IPO)
• G)private placement
• H)real estate mortgage

---

Definitions:

Raw Materials Account

An accounting record that tracks the cost of raw materials purchased by a company intended for use in production.

November

The eleventh month of the year in the Gregorian calendar, often associated with fall in the northern hemisphere and spring in the southern hemisphere.

Raw Materials

The basic, unprocessed inputs required for the production process in manufacturing goods.

Direct Labor-Hours

A measure of the amount of time spent by workers directly involved in the manufacturing process, used in calculating labor costs and efficiency.