For receivables sold with recourse, the seller guarantees payment to the purchaser if the debtor fails to pay.

___________________ is the most popular approach to promotion budgeting.

A. Objective-and-task method B. Percent-of-sales method C. Desire and action method D. Comparative parity method E. All-you-can-afford method

Jerry works as a claims adjuster. He is hired by insurance companies on a contract basis to adjust claims when they need his services. What kind of claims adjuster is Jerry?

A) Independent B) Public C) Private D) Direct