On Which of the Following Dates Does a Three-Month Note

question 72

Multiple Choice

On which of the following dates does a three-month note dated November 12 mature?

• A) February 10
• B) February 12
• C) February 13
• D) February 11

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Definitions:

ISM

Institute for Supply Management; an organization that produces research and standards in the field of supply management.

APICS

APICS stands for the Association for Supply Chain Management, a professional association for supply chain management and logistics professionals, offering certification programs and training.

PMI

The Project Management Institute, a professional organization for project management providing best practices, certifications, and education.

Fiscal Year-End

The completion of a one-year, or 12-month, accounting period that businesses use for financial reporting and budgeting.