Florence Wants to Obtain a Loan for a Large Color

question 62

Multiple Choice

Florence wants to obtain a loan for a large color laser printer for her copy shop.Since the printer will last approximately 8 years,the ideal loan would be a _____ loan.

• A)mortgage
• B)trade credit
• C)asset-based
• D)term

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Definitions:

Output Levels

Refers to the amount of goods or services produced by a company, industry, or economy at a given time.

Rises

An increase, elevation, or improvement in position, level, or condition.

Falls

A decrease in a particular variable or measurement, often used in economic or financial contexts.

Total Cost

The complete cost of production that includes both fixed and variable costs.