If a Company Has Made Arrangements with a Bank to Borrow

question 48

Multiple Choice

If a company has made arrangements with a bank to borrow money in the months when they have a negative cash balance,this arrangement is a

• A)bank overdraft.
• B)demand loan.
• C)long-term loan.
• D)line of credit.

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Definitions:

Feedback

The information and reactions received about an individual's performance or about the results of a business activity, used as a basis for improvement.

Managing Cultural Differences

The practice of acknowledging and adapting to cultural variations in a global business environment.

Recognition

The acknowledgment or appreciation of someone's status, achievements, or rights.

Reconciliation

The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.