Which of the Following Statements Regarding Lines of Credit Is

question 15

Multiple Choice

Which of the following statements regarding lines of credit is FALSE?

• A)The line of credit agreement may also stipulate that at some point in time the outstanding balance must be zero.This policy ensures that the firm does not use the short-term financing to finance its long-term obligations.
• B)A revolving line of credit is an uncommitted line of credit that involves an informal agreement from the bank for a longer period of time,typically two to three years.
• C)The line of credit may be uncommitted,meaning it is an informal agreement that does not legally bind the bank to provide the funds.
• D)A revolving line of credit with no fixed maturity is called evergreen credit.

Analyze the role of influence tactics in managerial effectiveness.

Recognize the concept of power in organizational relationships and its different sources.

Understand the basis and impact of leadership theories, including path-goal and behaviorism.

Differentiate between standard intelligence and emotional intelligence and their relevance to leadership.

---

Definitions:

Self-handicapping

A cognitive strategy where individuals create obstacles or excuses for themselves to avoid blame in case of failure but can take credit in case of success.

Self-enhancement

The desire to maintain, increase, or portray one's self in a positive light to others and oneself.

Defensive Strategy

Tactics used by individuals or groups to protect themselves from perceived threats, criticism, or harmful situations.

Compensation

Payment or reward given for service, effort, or loss.