Which of the following statements best describes bartering?
A) It is the practice of small businesses trading their own products for the goods and services offered by other businesses.
B) It is an agreement by which a financial institution promises to lend a business a predetermined sum on demand.
C) It is the process in which suppliers allow a business to acquire needed goods and pay for them at a later date.
D) It is the process in which a small-business owner provides personal property as collateral for a loan.
E) It is a process by which an individual acquires the license to sell another's products or to use another's name in business.
Correct Answer:
Verified
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