Tres Has Received a Large Contract and Has Taken a Loan

question 40

Multiple Choice

Tres has received a large contract and has taken a loan to buy inventory.Considering the timing of the loan,Tres may be ____________ to complete the contract.

• A)selling short
• B)pledging receivables
• C)mortgaging
• D)factoring

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Definitions:

Moisture

The presence of a liquid, especially water, often in trace amounts in the environment or substances.

Food Passage

The process by which food moves through the digestive tract, starting from ingestion into the mouth and continuing through the esophagus, stomach, and intestines until waste is excreted.

Air Passage

The path through which air moves into or out of the respiratory system, including the nose, throat, and lungs.

Respiratory Organ

An anatomical structure that animals use for the exchange of gases with their environment, primarily oxygen and carbon dioxide; examples include lungs, gills, and tracheae.