The Increasingly Popular Type of Financing,in Which Merchants Receive Cash

question 120

Multiple Choice

The increasingly popular type of financing,in which merchants receive cash advances and pay them off from their credit card sales,is called:

• A)asset-based financing.
• B)retailer credit financing.
• C)operating capital credit financing.
• D)credit card receivables financing.
• E)revolving credit financing.

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Definitions:

Trustees

Individuals or organizations entrusted with the responsibility to manage assets or property on behalf of others, often for a specific purpose or benefit.

Board of Directors

A group of elected individuals who represent shareholders' interests, oversee management, and make strategic decisions for a corporation.

Business Judgment Rule

A legal principle that protects corporate directors and officers when making business decisions, assuming those decisions are made in good faith and with due care.

Duty of Care

The legal obligation of a person to exercise a reasonable standard of care while performing any acts that could foreseeably harm others.