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:

Secure New Business

The act of acquiring new clients or customers for a company or a firm, often through marketing, networking, or outreach efforts.

Inferior Product

A product deemed to be of lower quality or lesser value when compared to others of its kind in the market, often associated with poor construction or defects.

Identity Theft

The theft of a form of identification, such as a name, date of birth, or Social Security number, which is then used to access the victim’s financial resources.

Social Security Number

is a unique nine-digit number assigned to U.S. citizens, permanent residents, and certain temporary residents, used for tracking individuals for Social Security purposes and other identification reasons.