Author Question: Michael Tucker operates Tucker Farms in northern Illinois. Last year, his annual receipts were just ... (Read 60 times)

stevenposner · **on:** Jul 14, 2018

Michael Tucker operates Tucker Farms in northern Illinois. Last year, his annual receipts were just under 750,000. According to the Small Business Administration, Tucker Farms is a
A) small business.
B) medium-sized business.
C) large business.
D) franchise.
E) joint venture.

Question 2

Which of the following is not an advantage that promissory notes have over trade credit from the perspective of the seller?
A) Notes are legally binding agreements.
B) Most notes earn interest for the seller.
C) Notes are negotiable instruments.
D) The company extending credit can sell the note and receive the money quickly.
E) The seller may demand payment from the buyer at any time.