Sergio Thought He Was Cheated by the Owners of a Small

question 68

Multiple Choice

Sergio thought he was cheated by the owners of a small business from which he bought part of his retail supplies.He wrote a warning on the Internet and posted it on every consumer advocate site that would accept it.Sergio is taking what course of action with his discontent?

• A)Voice response
• B)Private response
• C)Third-party response
• D)Fourth-party response

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Definitions:

Accounts Payable

Money owed by a company to its suppliers or vendors for goods and services received but not yet paid for.

Note Payable

A written agreement where one party promises to pay another party a certain amount, usually including interest, at a future date.

Interest Payment

The amount paid by a borrower to a lender as a charge for borrowing money, typically expressed as an annual percentage of the principal.

Financing Activity

Transactions and events where cash is raised for investing in the business or repaying funds borrowed by the company, supplied through equity or debt.