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.

---

Definitions:

Mission Statement

A concise declaration of an organization's core purpose and focus that remains unchanged over time, guiding its paths and actions.

Organization

An arranged group of people working together towards common goals, structured to achieve effectiveness and efficiency.

Document Control

The practice of managing and regulating documents in a systematic and efficient manner to ensure their accuracy, quality, and integrity throughout their lifecycle.

Complex Projects

Projects characterized by high uncertainty, numerous stakeholders, and multifaceted dependencies and interactions.