Unit quiz: Permission, purpose and decision authority

Check understanding, separately from reading

5 questions · 80% to pass · no timer. This quiz checks the lessons in this unit. These authored questions assess recognition and application of the taught distinctions, not professional qualification. You may review the lessons and retry. Repeat attempts reuse the question bank; a remembered answer is not proof of transfer to a new situation.

Saving a lesson records reading only. Previous lesson completions have not been converted into passing scores. You can continue reading without a pass; the assessment remains unpassed.

Question 1

Fictional Harbor Bakery: “Hi, I’m Melissa with Example Funding, an independent business-financing broker. Are you considering funding for a specific project, or is now not a useful time?” If the owner says yes, ask about the project. If no, thank them and end the pitch.

Owner: “Are you calling from my bank?” Choose your next line.No. I am an independent broker, not your bank. Would you like to discuss a funding need?We work with your bank’s funding department, so your file is already approved.

Question 2

Harbor needs an oven, while fictional Tide Catering needs supplies for a signed event. An oven can produce value over years; event inventory converts when the customer pays. Asking only “How much do you want?” hides that difference.

Owner: “I just need money fast.” What should you ask next?Which account should receive the maximum advance?What must be paid, by when, and what cash will cover the resulting obligation?

Question 3

A fictional florist has a busy holiday month but must pay its wholesaler the following week. Another shop has steady sales but large existing daily debits. Neither can safely promise that every incoming dollar is available for a new remittance.

Owner: “Look at the deposits—surely I can afford it?”Let us separate customer receipts from transfers and map operating costs and existing payments.High deposits prove a new daily debit will be affordable.

Question 4

The shop manager likes a quote but the owner signs and the bookkeeper knows the debit calendar. A sound next step is a joint review with the owner’s permission, not asking the manager to forward a private signature link.

Manager: “The owner is away. Can I sign for them?”Use their name now and explain it later.We need the provider to verify signing authority; let us arrange a review with the authorized person.

Question 5

A bakery can confirm an equipment reservation expires Friday. A broker cannot convert that into “the government program ends today.” Ask whether a deposit, rental or delayed delivery changes the financing need.

Owner: “I must act today. Should I skip reading?”No. Let us verify the deadline and review cost, obligations and alternatives before you decide.Sign first; there is always a cancellation window.

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