Which of the Following Is NOT a Characteristic of Short-Term

question 68

Multiple Choice

Which of the following is NOT a characteristic of short-term financing?

• A) the amounts are usually smaller than obtained through long-term sources
• B) it is easier to obtain than long-term financing
• C) it must be repaid within three years
• D) there is less risk of nonpayment to the lender

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Definitions:

Social Accountability

The responsibility of an organization or individual to consider and report on the social impacts and ethical implications of its activities.

Public Bodies

Organizations that are part of the government or perform public functions, such as local councils, government departments, and public corporations.

Kantian Approach

A philosophical theory based on the works of Immanuel Kant, emphasizing moral principles and the importance of the intention behind actions rather than their consequences.

Universal Law

A principle that applies universally and is accepted as governing all actions and consequences in the moral, legal, or physical realm.