Author Question: In order for The Gift Market, a local specialty store, to purchase Christmas merchandise for selling ... (Read 95 times)

iveyjurea · **on:** Jul 14, 2018

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