1. Q4/ Why companies sell receivables ?

   	A.	Receivables may be the only reasonable source of cash.
   	B.	Billing and collection are often time-consuming and costly.
   	C.	A and B
   	D.	None of above

1 points

QUESTION 4

1. Q5/ A ____________ is a written promise to pay a amount of money on demand or at a definite time

   	A.	Purchase Note
   	B.	Written Note
   	C.	Promissory Note
   	D.	Deal Note

1 points

QUESTION 5

1. Q3/ A note is not paid in full at maturity.

   	A.	Honored Notes
   	B.	Half Honored Notes
   	C.	Dishonored Notes
   	D.	None of Above