Which One of These Statements Is Correct

question 17

Multiple Choice

Which one of these statements is correct?

• A)A farmer generally uses trust receipt financing to finance operations during the growing season.
• B)An auto dealer is most apt to use purchase order financing.
• C)A drug store is most apt to use trust receipt financing.
• D)Trust receipt financing is most applicable to large,easily identifiable types of inventory.
• E)Blanket inventory lien financing is another term for purchase order financing.

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Definitions:

Earnings Activities

Earnings activities refer to business operations and ventures that generate income or profit for a company.