Which Form of Short-Term Financing Is Similar to a Credit

question 76

Multiple Choice

Which form of short-term financing is similar to a credit card in that you have a maximum credit limit you can borrow against at any time and you pay interest only on the amount of funds you have used?

• A) factoring
• B) line of credit
• C) trade credit
• D) equity financing

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Definitions:

Assigned Roles

Specific responsibilities or parts given to individuals in a group or team context, often determining their function within the group.

Personality Traits

Enduring characteristics of individuals that influence their behavior across different situations and time.

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underestimating the influence of external factors.

Motivated

The drive or willingness to engage in an activity or achieve a goal, stemming from internal desires or external incentives.