Which of the Following Statements Does Not Accurately Describe a Line

question 78

Multiple Choice

Which of the following statements does not accurately describe a line of credit?

• A)A line of credit is already approved before the money is actually needed.
• B)A line of credit is a long-term loan.
• C)A line of credit can be obtained at a credit union, trust company, or bank.
• D)A line of credit provides an alternative source of funds if an emergency does develop.
• E)A line of credit is available immediately when needed.

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Definitions:

Financial Expenditures

Expenses incurred by an organization in conducting its day-to-day operations.

Estimated

A calculated approximation or prediction of a future value or trend based on data or trends.

Measuring HRM

The process of quantifying the efficiency and effectiveness of human resource management practices through various metrics and analyses.

Balanced Scorecard

A balanced set of measures to show contribution to organizational performance.