What Is the Name of a 13-Digit Identification Number Used

question 32

Multiple Choice

What is the name of a 13-digit identification number used on most retail items in Europe?

• A) Soundex code
• B) Universal Product Code
• C) Postnet code
• D) European Article Number

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services provided on credit.

Inventory Conversion Period

The average time it takes for a company to turn its inventory into sales.

Compensating Balance

A minimum bank account balance that a borrower is required to maintain with a lender as part of a loan agreement, often used to offset the cost of maintaining the loan.

Deficit Financing

The practice of funding government spending by borrowing rather than from taxation, leading to budget deficits.