In order for The Gift Market, a local specialty store, to ...

[iveyjurea]

In order for The Gift Market, a local specialty store, to purchase Christmas merchandise for selling in its store, it had to borrow money from a local bank. This debt owed to the bank is a(n):
 A) liability.
  B) debit.
  C) owners' equity.
  D) asset.
  E) credit.

Question 2

Susan has owned a small consulting business for over five years. The company is currently experiencing high growth and is expanding not just in physical locations, but in services offered as well. Susan is likely to employ __________ authority at her company.
 A) wide
  B) centralized
  C) empowered
  D) decentralized
  E) responsive

[javimendoza7]

Answer to Question 1

A

Answer to Question 2

B

[iveyjurea]

Thanks for the timely response, appreciate it

[juliaf]

Excellent