The Main Difference Between Sales Finance and Consumer Finance Is

question 74

Multiple Choice

The main difference between sales finance and consumer finance is:

• A) the type of borrower.
• B) the size of the purchase involved.
• C) the length of time until the loan has to be repaid.
• D) one deals with equipment leasing and the other does not.

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Definitions:

Per-worker Production Function

A mathematical representation that shows how the amount of output per worker in an economy is affected by the level of capital per worker.

Capital Per Worker

Capital per worker is a ratio that measures the amount of capital assets (such as equipment and machinery) available for each worker, often used as an indicator of labor productivity.

Output Per Worker

The average quantity of goods and services produced per employee in a given time period.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP growth.