The Person Who Begins the Process of Considering a Purchase

question 67

Multiple Choice

The person who begins the process of considering a purchase is known as which of the following?

• A)User
• B)Identifier
• C)Buyer
• D)Initiator

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Definitions:

Factoring Accounts Receivable

The financial practice of selling accounts receivable to a third party at a discount to obtain immediate cash.

Installment Accounts Receivable

Receivables from sales where the customer makes regular payments over a period until the full purchase price is paid.

Dishonoring a Note

The failure to pay a promissory note when it comes due, resulting in a default.

Pledging Accounts Receivable

The practice of using accounts receivable as collateral for a loan.