
Issuing Credit
Authored by Marty Hammond
Business
12th Grade
Used 9+ times

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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of issuing credit?
To increase sales
To decrease expenses
To improve employee satisfaction
To reduce inventory costs.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the context of issuing credit, a higher credit score generally indicates a ______.
lower risk
higher risk
no change in risk
increased interest rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do businesses need credit?
To increase liabilities
To manage cash flow
To reduce expenses
To avoid taxes.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: To evaluate creditworthiness, businesses need to identify key financial documents such as ______.
Marketing plans
Financial statements
Employee records
Inventory lists
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a key component of financial literacy?
Introduction to Credit
Financial Statements
Ratio Analysis
All of the above.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is credit?
The ability to acquire money, goods, or services before payment
A type of savings account
A form of investment
A government bond.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit is most commonly issued by ________.
Retail stores
Financial institutions
Government agencies
Non-profit organizations.
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