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Author Question: Thom has a culinary supply business. He orders pots and pans from a manufacturer and he takes ... (Read 228 times)

kellyjaisingh

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on: Jul 14, 2018
Thom has a culinary supply business. He orders pots and pans from a manufacturer and he takes delivery. However, he has up to 10 days to pay the invoice without interest or penalty. This is an example of:
 A) an IPO.
  B) commercial paper.
  C) trade credit.
  D) equity financing.
  E) factoring.

Question 2

Janna owns a business that sells handmade jewelry. Her employees are paid a certain amount for each bracelet and necklace they produce, regardless of the amount of time it takes. This is a:
 A) wage system.
  B) salary system.
  C) quota system.
  D) piece-rate system.
  E) commission plan.


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GCabra

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Reply #1 on: Jul 14, 2018
Answer to Question 1

C

Answer to Question 2

D


kellyjaisingh

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Reply #2 on: Jul 14, 2018
Thank you :)


GCabra

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Reply #3 on: Jul 14, 2018
Happy to help you


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