Examlex
Ebony thinks the idea her boss has proposed for increasing sales is really stupid.She listens as six of her coworkers praise the idea, and when her boss asks Ebony for her opinion, she says: "The idea is great! I wish I would have thought of it." The process that would best explain why Ebony said the plan was great, even though she thought it was stupid, is:
Compensating Balance
A minimum account balance that a borrower is required to maintain with a lender, which can reduce the effective amount of loan available to the borrower.
Cash Balances
The total amount of cash in a company's account at any given time, which can be used for transactions or as a reserve.
Receivables Financing
A form of financing where a company uses its outstanding invoices or receivables as collateral to secure a loan or advance.
Administrative Fee
Charges imposed by investment funds or companies to cover operational and management expenses.
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