A Disadvantage of Short-Term Debt Over Long-Term Debt Is

question 22

Multiple Choice

A disadvantage of short-term debt over long-term debt is:

• A) a greater likelihood of penalties for early repayment.
• B) greater frequency of re-funding.
• C) less flexibility.
• D) All are disadvantages.

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Definitions:

MBTI

Stands for Myers-Briggs Type Indicator, a psychological assessment tool that categorizes individuals into personality types based on their preferences in perception and decision-making.

Psychological Preferences

Individual tendencies or inclinations toward certain thoughts, behaviors, or ways of processing information.

Notion

A concept, idea, or understanding formed in the mind.

Self-Concept

Refers to the image or understanding a person has of themselves, including beliefs about personality traits, physical characteristics, abilities, values, goals, and roles.