Individuals or Groups That Can Affect or Be Affected by the Actions

question 77

Multiple Choice

Individuals or groups that can affect or be affected by the actions of a firm are called _________.

• A) Stakeholders
• B) Senators
• C) Associates
• D) Competitors

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Definitions:

Committed Line Of Credit

A credit facility where the bank agrees to lend a specified amount of money to the company over a certain period of time.

Inventory Loan

A loan that is secured by the inventory of the borrower, providing companies with the capital needed to purchase products for sale.

Debenture

Unsecured debt, usually with a maturity of ten years or more.

Line Of Credit

An arrangement between a financial institution and a customer that establishes a maximum loan balance that the borrower can access.