Author Question: Ben has been thinking about going into business. However, he has discounted entering automobile ... (Read 30 times)

debasdf · **on:** Jul 14, 2018

Ben has been thinking about going into business. However, he has discounted entering automobile manufacturing because it
A) requires little skill and knowledge.
B) is not a part of the production industry.
C) requires huge investments in machinery and equipment.
D) is unprofitable.
E) requires by law a corporate form of business.

Question 2

Surf 'N' Sun Shop sells ski boats and other boating accessories. It receives most of its inventory about three months in advance of the summer season, but it is not able to pay for the inventory up front. Instead, its suppliers allow Surf 'N' Sun to use its inventory as collateral. This type of agreement is called
A) unsecured short-term financing.
B) long-term lending.
C) factoring.
D) secured short-term financing.
E) a promissory note.