Although Best Used as a Last Resort, Many Small Businesses

question 155

Multiple Choice

Although best used as a last resort, many small businesses find it convenient to use ________ as a short-term source of financing. Although this form of short-term debt comes with high interest rates, it provides a quick line of credit for many firms, including start-up companies who may not be able to secure bank loans.

• A) factoring
• B) credit cards
• C) commercial paper
• D) promissory notes

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Definitions:

Sperm Cell

A male reproductive cell or gamete, involved in sexual reproduction, carrying half of the genetic information to the offspring.

Ovum

A female reproductive cell or egg, which when fertilized by a sperm, can develop into an embryo.

Elbow

A joint that connects the forearm to the upper arm, allowing for a range of movements including bending and straightening.

Closer

Positioned near or nearer to the end of a process, sequence, or lifecycle, often implying a role in concluding or finalizing.