A Business Is a ____When It Has the Ability to Take

question 175

Multiple Choice

A business is a ____when it has the ability to take some of the nonpaying customers' property to satisfy the debt.

• A) general creditor
• B) financed creditor
• C) collateral creditor
• D) real creditor
• E) none of the other choices are correct

---

Definitions:

Higher Taxes

An increase in the tax rate or imposition of additional taxes on individuals or businesses, often a subject of government fiscal policy.

Fair Use

A legal doctrine that permits limited use of copyrighted material without the need to obtain permission from the rights holders, under certain conditions.

U.S. Law

The system of laws and legal norms that govern and regulate the social, economic, and political behaviours within the United States of America.

EIN

An Employer Identification Number (EIN) is a unique identification number that is assigned to a business entity so that it can easily be identified by the IRS.