Short-Term Loans Generally Are Obtained Faster Than Long-Term Loans Because

question 135

True/False

Short-term loans generally are obtained faster than long-term loans because when lenders consider long-term loans they insist on a more thorough evaluation of the borrower's financial health and because the loan agreement is more complex.

---

Definitions:

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, specifying the terms and conditions of employment.

Labour Relations Board

A governmental agency responsible for overseeing and enforcing labor laws and practices, including dispute resolution between employers and employees.

Bargaining Unit

A group of employees with a clear and identifiable community of interests who are represented by a single labor union in negotiations with employers.

Labour Relations Board

A governmental authority that oversees and resolves disputes involving labor and management practices.