Although Best Used as a Last Resort, Many Small Businesses

question 84

Multiple Choice

Although best used as a last resort, many small businesses find it convenient to use __________ as a short-term source of financing. Although this form short-term debt comes with high interest rates, it provides a quick line of credit for many firms, including start-up companies who may not be able to secure bank loans

• A) factoring
• B) credit cards
• C) commercial paper
• D) promissory notes

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Definitions:

Conservative

A political and social ideology that emphasizes tradition, established institutions, and maintaining the status quo, often in opposition to radical changes.

Liberal

A political and social philosophy advocating for individual rights, democracy, and equality, as well as supporting governmental intervention in society and the economy to promote social justice.

Moderate

An individual, especially in politics, who holds centrist views, advocating neither extreme left nor right-wing positions, seeking compromise and balance.

Radical

Referring to individuals or movements that advocate for profound or fundamental changes in society, often in politics or social norms.