Leading Involves

question 110

Multiple Choice

Leading involves

• A) creating an organization chart by identifying business functions.
• B) establishing reporting relationships.
• C) having a personnel department that administers plans, programs, and paperwork.
• D) stimulating people to be high performers.
• E) dealing directly with customers and clients.

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Definitions:

Revolving Line

A type of credit facility that allows a borrower to withdraw, repay, and re-borrow funds up to a specified credit limit.

Commitment Fee

A charge imposed by a lender on a borrower for not utilizing a credit line or for funds that have not been disbursed.

Revolving Credit

A flexible credit line that allows individuals or businesses to borrow, repay, and borrow again up to a certain limit, commonly seen in credit cards and lines of credit.

Interest Expense

It refers to the cost incurred by an organization or individual for borrowing funds, typically represented as a yearly interest rate applied to the loan's principal amount.