Assessment Tasks Philippines Activity 1: Choose the correct answer. 1. It is a secured or unsecured loan issued by the lender for personal use. A. Business Loan B. Consumer Loan 2. It is a type of loan where a variable interest rate can be one of the conditions. A. Business Loan B. Consumer Loan 3. It is a type of loan where issuance can be based on the borrower's credibility. A. Business Loan B. Consumer Loan 4. It is a type of loan where the money borrowed is used to expand the or support a business. B. Consumer Loan A. Business Loan 5. In case the borrower failed to pay the loan, the lender has the right to claim the borrower's asset as paym A. Unsecured Loan B. Secured Loan 6. A collateral is one of the requirements to avail a loan. B. Secured Loan A. Unsecured Loan 7. Grocery A. Business Loan B. Consumer Loan 8. Truck A. Business Loan B. Consumer Loan 9. Jewelry A. Business Loan B. Consumer Loan
Assessment Tasks Philippines Activity 1: Choose the correct answer. 1. It is a secured or unsecured loan issued by the lender for personal use. A. Business Loan B. Consumer Loan 2. It is a type of loan where a variable interest rate can be one of the conditions. A. Business Loan B. Consumer Loan 3. It is a type of loan where issuance can be based on the borrower's credibility. A. Business Loan B. Consumer Loan 4. It is a type of loan where the money borrowed is used to expand the or support a business. B. Consumer Loan A. Business Loan 5. In case the borrower failed to pay the loan, the lender has the right to claim the borrower's asset as paym A. Unsecured Loan B. Secured Loan 6. A collateral is one of the requirements to avail a loan. B. Secured Loan A. Unsecured Loan 7. Grocery A. Business Loan B. Consumer Loan 8. Truck A. Business Loan B. Consumer Loan 9. Jewelry A. Business Loan B. Consumer Loan
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter10: Long-term Liabilities
Section: Chapter Questions
Problem 10.4DC
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