MCB Company Experienced a Significant Increase in Sales as a Result

question 4

Multiple Choice

MCB Company experienced a significant increase in sales as a result of its new promotional campaign. Yesterday, however, it realized that because most of those sales were on credit, it did not have enough money in the bank to pay this month's bills. MCB can take care of this situation temporarily by doing which of the following?

• A) obtaining long-term financing
• B) selling commercial drafts
• C) issuing shares
• D) obtaining short-term financing

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Definitions:

Independent Decisions

Choices or judgments made by an individual based on their own discretion and without external influence.

Parenthood

The state or role of being a parent, involving the responsibilities of caring for and raising children.

Certain Age

A specific period in life that is often associated with particular rights, responsibilities, or developmental milestones.