This topic is about Credit and Collection. I'm a financial management student. Please help me answer the following questions:

1. As credit manager, you are responsible for ensuring that invoices are paid on time. Which of the following best describes your area of responsibility?

a. Accounts receivable

b. Fixed assets

c. overdue account

d. share capital

2.A short-term source of financing for a company. In other words, it is a short-term loan. It enables a company to withdraw money from a bank account without keeping a credit balance. The account is limited to only borrowing up to the borrowing limit.

a. CPF

b. Bill of Exchange

c. Factoring of debtor

d. Exchange of Products

3.A channel for investing your savings account. Investing your_____ money allows you to reap greater potential gains, enriching your savings for a comfortable retirement

a. Factoring of debtor

b. Bill of exchange

c. Exchange of Products

d. CPF

4.A type of commercial financing in which a customer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

a. Trade credit

b. charge account

c. installment account

d. consumer credit

5.It refers to the equity or financial investment that you are going to be putting into the business or what is called the debt to equity ratio of the proposal. If you have a large financial investment in the business, this demonstrates a high degree of commitment to ensure that the business succeeds.

a. Capital

b. Return on investment

c. Collateral

d. derivatives

e. credit default swap

6.TRUE OR FALSE -The word credit is used in commercial trade in the term "trade credit" to refer to the approval for delayed payments for purchased goods.

7.TRUE OR FALSE -The government that borrows money may have to curtail important projects when most necessary. Ex. Government pays both principal and interest and the government's hands are tied because of too much use of credit.

8.A form of business network, for example, a local organization of businesses whose goal is to further the interests of businesses. Business owners in towns and cities form these local societies to advocate on behalf of the business community.

a. Credit agencies

b. bank

c. Chamber of commerce

d. business references

9.A short-term source of financing for a company. In other words, it is a short-term loan. It enables a company to withdraw money from a bank account without keeping a credit balance. The account is limited to only borrowing up to the borrowing limit.

a. CPF

b. Credit cards

c. credit on ordinary open account

d. cash credit

10.A lender's opinion of a borrower's general trustworthiness, credibility and personality.

a.Trust

b. creditworthiness

c.capacity

d. character

Identification:

1. This action lies to recover any goods which have been illegally taken. The primary object of this action, is to recover back the chattel itself, and damages for taking and detaining it are consequent on the recovery. What is the answer?
2. Guidelines that spell out how to decide which customers are sold on open account, the exact payment terms, the limits set on outstanding balances and how to deal with delinquent accounts. What is the answer?
3. It is committed by a person who defrauds another causing him to suffer damage, by means of unfaithfulness or abuse of confidence, or of false pretense opt fraudulent acts. What is the answer?
4. Borrower's competence in terms of utilizing the fund profitably and generate income. What is the answer?
5. The provision of resources (such as granting a loan) by one party to another party where that second party does not reimburse the first party immediately, thereby generating a debt, and instead arranges either to repay or return those resources (or material(s) of equal value) at a later date. What is it?
6. A civil or criminal violation involving charging more than the maximum interest rate allowed by law. The rate of interest legally allowed is governed by state statutes.What is it?
7. A customer's account with a creditor (such as a merchant) to which the purchase of goods is charged. What is it?
8. A financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs. What is it?
9. A written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately or on a fixed date for payment of goods and/or services received. The drawee accepts the bill by signing it, thus converting it into a post-dated check and a binding contract. What is it?