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56. Factoring is a form of financing
(A) payable
(B) receivables
(C) borrowings
(D) debts


57. The time required to process and execute an order is called
(A) allowed time
(B) lead time
(C) accepted time
(D) fixed time


58. The policy concerning quarters of profit to be distributed as dividend is termed as
(A) Profit policy
(B) Dividend policy
(C) Credit policy
(D) Reserving policy


59. A company having easy access to the capital markets can follow a________ dividend policy
(A) liberal.
(B) formal
(C) strict.
(D) Varying


60. ________________dividend promises to pay shareholders at future date
(A) Scrip
(B) Cash
(C) Stock
(D) Property