A Bank That Loans Money to a Company Is Called

question 11

Multiple Choice

A bank that loans money to a company is called

• A)a supplier.
• B)a creditor.
• C)an equity investor.
• D)a shareholder.

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Definitions:

Penalties

Sanctions or punishments imposed for breaking a law, rule, or contract, which may include fines, imprisonment, or other forms of retribution.

Accountant-client Relationship

A professional connection between an accountant and their client, based on trust and confidentiality, to manage financial records and tax matters.

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.

Professional Misconduct

Inappropriate or unethical behavior by a professional in their line of work, violating professional ethics or standards.