If a Company Secures a Three-Year Bank Loan, This Is

question 290

Multiple Choice

If a company secures a three-year bank loan, this is considered

• A) short-term financing.
• B) asset funding.
• C) liability funding.
• D) long-term financing.

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Definitions:

Operational Efficiency

The ability of an organization to minimize input and expenditure while maximizing output, thereby optimizing performance.

Quality Standards

Set of criteria within an industry that define the acceptable level of product or service quality to ensure customer satisfaction.

Specification

Detailed and precise descriptions of the requirements, characteristics, or standards that a particular material, product, or service must meet.

Standardization

The process of establishing and applying rules, guidelines, and characteristics for activities or their results, aimed at achieving a high degree of order and consistency.