Which of the Following Is Not an Advantage of Short-Term

question 105

Multiple Choice

Which of the following is not an advantage of short-term borrowing?

• A)flexibility
• B)establishing continuous relationships with a bank or financial institution
• C)frequent renewals
• D)lower cost

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Definitions:

Knowledge Workers

Individuals whose jobs primarily involve processing, analyzing, and manipulating information as opposed to manual labor.

Global Economy

The interconnectedness of national economies around the world, facilitating international trade, investment, and economic policy-making.

Knowledge-driven

Knowledge-driven pertains to actions, processes, or decisions that are primarily influenced by data, information, and insights to improve efficiency and outcomes.

Fee-for-services

A payment model where services are unbundled and paid for separately, often used in healthcare to charge for individual care activities.