Which of the Following Is Not an Advantage of Short-Term

question 105

Multiple Choice

Which of the following is not an advantage of short-term borrowing?

• A)flexibility
• B)establishing continuous relationships with a bank or financial institution
• C)frequent renewals
• D)lower cost

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Definitions:

North American Species

Refers to animal or plant species that are native to or predominantly found in North America.

Proposed Bill

A draft of a law presented to a legislative body for approval.

Farmers

Individuals engaged in agriculture, aiming at cultivating plants and livestock for food and raw materials.

Law

Law signifies a system of rules that are created and enforced through social or governmental institutions to regulate behavior.