Directions: From the alternatives, choose the one which correctly classifies the four sentences as a F: Fact: If it relates to a known matter of direct observation, or an existing reality or something known to be true. J: Judgment: If it is an opinion or estimate or anticipation of common sense or intention. I: Inference: If it is a logical conclusion or deduction about something, based on the knowledge of facts.

A. Unless the banks agree to a deferment of the interest, we cannot show profits this year. B. This would not have happened had we adopted a stricter credit scheme. C. The revenues so far cover only the cost and salaries. D. Let us learn a lesson: we cannot make profits without complete control over credit.