Smaller Businesses Often Sell Their Unusable and Excess Inventory to _____

question 71

Multiple Choice

Smaller businesses often sell their unusable and excess inventory to _____, which are firms that find buyers for these items.

• A) inventory specialists
• B) liquidation brokers
• C) inventory removal services
• D) secondary marketers

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Definitions:

Debtor

An individual or organization that owes money to another party, known as the creditor.

Security Agreement

A legal document that provides a lender a security interest in a specified asset or property that is pledged as collateral for a loan, in case of borrower default.

Authenticated Record

A document verified as genuine, usually through a process that confirms its origin and integrity.

Collateral

Collateral refers to assets that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid according to the terms of the loan agreement.