Which of the Following Is a Service

question 20

Multiple Choice

Which of the following is a service?

• A) Education
• B) Health Care
• C) Insurance
• D) All of the responses are correct

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Definitions:

Notes Receivable

Financial assets representing amounts owed to a company, promised to be paid back with interest.

Accounts Receivable Assigned

A financing arrangement where a company uses its receivables as collateral to secure a loan.

Note Payable

A written promise to pay a specific sum of money on a certain date or upon demand to the bearer or order.

Discounted Notes

Notes or bonds sold for less than their face value in order to reflect current market interest rates or the issuer's credit risk.