Janis Reardon Is in the Process of Launching a Craft

question 22

Multiple Choice

Janis Reardon is in the process of launching a craft shop.Her biggest supplier,Lothrop's Craft Supply,agrees to sell her the inventory she needs to stock her store on a delayed payment schedule.Janis is using what type of financing?

• A)Line of credit
• B)Floor planning
• C)Trade credit
• D)Asset-based borrowing

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Definitions:

Stroop Test

A psychological test that demonstrates the conflict between cognitive processes by requiring individuals to name the color of a word rather than the word itself.

Duplex Mind

Describes the concept that the human mind has two different processing systems: an automatic, unconscious system and a deliberate, conscious system.

Human Brain

The central organ of the human nervous system, responsible for processing sensory information, regulating bodily functions, and enabling thoughts, emotions, and behaviors.

Cocktails

Mixed alcoholic drinks composed of spirits, water, sugar, and bitters, often garnished and served chilled.