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:

Safety Equipment

Equipment designed to protect individuals from accidents or injuries in the workplace or other environments.

Supervisor

An individual in charge of overseeing and guiding the work of a group or team, ensuring tasks are completed efficiently and effectively.

Employee Termination

The process of formally ending an employee's term of employment with the company, which can be voluntary or involuntary.

First Offence

The initial violation or infraction of rules, laws, or guidelines by an individual or entity.