The Owner of a Mountain Cycle Shop Worries That Cash

question 126

Multiple Choice

The owner of a Mountain Cycle Shop worries that cash flows may be insufficient to pay his current operating expenses.While he anticipates a surplus of cash inflows as warm weather approaches,he needs to borrow funds now to meet his immediate obligations.He can best resolve his cash flow concerns by obtaining ________ financing.

• A)intermediate
• B)contingency
• C)short-term
• D)long-term

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Definitions:

Benefits

Advantages or payments provided to individuals or groups, often from employers, government, or insurance, including health benefits, unemployment benefits, etc.

Costs

The value of resources used in the production of goods and services, often measured in terms of money expended.

Aging Population

Refers to a demographic shift where the proportion of older individuals in a population increases significantly.

Medical Insurance Benefits

Financial protection provided by health insurance plans against medical expenses incurred from illness or injury.