Which of the Following Is Not an Advantage That Promissory

question 82

Multiple Choice

Which of the following is not an advantage that promissory notes have over trade credit from the perspective of the seller?

• A) Notes are legally binding agreements.
• B) Most notes earn interest for the seller.
• C) Notes are negotiable instruments.
• D) The company extending credit can sell the note and receive the money quickly.
• E) The seller may demand payment from the buyer at any time.

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Definitions:

Emotions

Complex psychological states involving physiological arousal, expressive behaviors, and conscious experience, affecting one’s thoughts and actions.

Attitudes

Psychological constructs represented by evaluations of people, objects, or ideas with some degree of favor or disfavor.

Beliefs

The acceptance that something exists or is true, especially without proof.

Stress

A psychological and physical response to challenges or demands that can be caused by both positive and negative experiences.