Which of the Following Borrowers Benefit the Most from a Revolving

question 34

Multiple Choice

Which of the following borrowers benefit the most from a revolving line of credit?

• A) a local grocery retailer located in downtown Toronto
• B) an owner of a gift shop with majority of its annual sales during Christmas season
• C) an ice cream seller whose business is located in a Niagara Falls resort
• D) a manufacturer of hand tools whose sales are generally evenly distributed throughout the year

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Definitions:

Location

Refers broadly to a position or point in physical space or within a mathematical, conceptual, or statistical framework.

Qualitative

Concerning, measuring, or described by the quality of something rather than its quantity.

Mean

A measure of central tendency that represents the average value of a dataset, obtained by dividing the sum of all the values by the number of values.

Median

The middle value in a data set, which divides it into two equal halves, or the value that occurs at the 50th percentile.