Match the Term with Its Definition

question 1

Multiple Choice

Match the term with its definition.
-An installment loan from a seller of machinery used by a business

• A)asset-based loan
• B)basis point
• C)equipment loan
• D)LIBOR (London InterBank Offered Rate)
• E)line of credit
• F)prime rate (base rate)
• G)purchase-order financing
• H)term loan

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Definitions:

Managerial Position

A role within an organization that entails the responsibility of supervising and directing the work of a team or department to achieve specific objectives.

Decision Processes

The methods, steps, or procedures involved in making choices or solving problems within an organizational or individual context.

Rationality

The quality or state of being reasonable, based on facts or reason rather than emotions or feelings.

Normative Decision Model

A leadership model suggesting the best course of action is dependent on certain norms, situations, or circumstances.