Deon Owns a Store in His Hometown That Sells Family

question 13

Multiple Choice

Deon owns a store in his hometown that sells family sized meals of turkeys, hams, casseroles and side dishes.He would be viewed as a _________________ by the well-known national chain that sells very similar products.

• A) Potential partner
• B) Non-threatening entity
• C) Threat
• D) Indirect competitor
• E) Direct competitor

---

Definitions:

Statement of Financial Position

A financial report detailing a company's assets, liabilities, and equity at a specific point in time, commonly known as a balance sheet.

Dishonoured Note

A promissory note that has not been paid by the issuer at its maturity date.

Accounts Receivable

This refers to the money owed to a company by its customers for goods or services already delivered or performed but not yet paid for.

Unpaid Interest

Interest on a loan or debt that has accrued but has not yet been paid by the borrower.