In General

question 63

Multiple Choice

In general,

• A)a revolving credit agreement is more expensive but less risky to the firm than a line of credit.
• B)a revolving credit agreement is more expensive and more risky to the firm than a line of credit.
• C)a revolving credit agreement is less expensive and less risky to the firm than a line of credit.
• D)a revolving credit agreement is less expensive but more risky to the firm than a line of credit.
• E)none of the above

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Definitions:

Organizational Ethics

The principles and standards that guide behavior within the context of a business or organization.

Value-Based Management

A management approach that ensures corporations are run consistently on values that maximize the value for shareholders.

Normative Guidance

Principles or recommendations based on norms or standards intended to direct or influence behavior and decision-making.

Transactional Leadership

A leadership style focused on supervision, organization, and performance; involves motivating employees through rewards and punishments.