A Compensating Balance: I.is Required When a Firm Acquires Any Bank Financing Other

question 14

Multiple Choice

A compensating balance:
I.is required when a firm acquires any bank financing other than a line of credit.
II.increases the cost of short-term bank financing.
III.may be required even if a firm never borrows funds.
IV.is often used as a means of paying for banking services received.

• A)I and III only
• B)II and IV only
• C)II and III only
• D)I and IV only
• E)II, III, and IV only

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Definitions:

Health Hazards

Potential sources of risk that can cause harm to health, including chemicals, biological agents, physical factors, and ergonomics.

Ergonomics

An interdisciplinary approach to designing equipment and systems that can be easily and efficiently used by human beings.

Psychological Aggression

Hostile social interaction or behavior that involves mental or emotional harm rather than physical.

Work Performance

The assessment of an employee's effectiveness in fulfilling job responsibilities and tasks.