An Operating Line of Credit

question 53

Multiple Choice

An operating line of credit

• A) is a non-current liability.
• B) is required by all companies.
• C) helps companies manage temporary cash shortages.
• D) is usually required by the bank in case a company is unable to repay a loan.

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Definitions:

Buffering

Pushing apart; having distance, space, and privacy as an individual within the family unit.

Mesosystem

The quality of relationships among the people in a child’s microsystem.

Exosystem

A concept in ecological systems theory referring to the external social settings that indirectly influence an individual's development.

Chronosystem

Part of the ecological systems theory, it encompasses the dimension of time as it relates to an individual's environments and life events.