The Least Expensive Form of Short-Term Financing Is

question 20

Multiple Choice

The least expensive form of short-term financing is

• A) trade credit.
• B) promissory notes.
• C) unsecured bank loans.
• D) secured bank loans.
• E) factoring.

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Definitions:

Intrinsic Motivation

The drive to engage in activities for their own sake and personal rewards, rather than for some external compensation.

Maslow's Hierarchy

A psychological theory proposing a five-tier model of human needs, from basic (such as food and shelter) to more complex (such as self-actualization), which people are motivated to achieve in a hierarchical order.

Sequential Order

The arrangement of objects, events, or ideas in a specific linear sequence based on some criteria, often time or priority.

Self-Actualization

The process of actualizing one's inherent talents and possibilities, viewed as an essential urge or need across all individuals.