Chipper's Golf Resort Plans to Carry an Inventory of Golf

question 78

True/False

Chipper's Golf Resort plans to carry an inventory of golf clubs-irons, drivers, and woods-from a German manufacturer. The manufacturer has promised delivery in four weeks, which will be just in time for the beginning of Chipper's golf season at its Chicago course. In order to prudently watch cash flow, you have recommended that Chipper's Resort sign a letter of credit with an international bank asking the bank to disburse payment when the clubs arrive at the Chicago course and after they are inspected.

---

Definitions:

Integumentary

Pertaining to the coverings of an organism, such as the skin, hair, nails, scales, or feathers, that protect the body from various kinds of damage.

Cardiovascular

Pertains to the system comprising the heart and blood vessels, responsible for circulating blood throughout the body.

Muscular

Relating to or involving the muscles, which are tissues in the body responsible for movement.

Skeletal

Relating to the skeleton, the internal framework of bones that supports the body and facilitates movement.