In Economic Conditions Characterized by a Scarcity of Short-Term Funds

question 140

Multiple Choice

In economic conditions characterized by a scarcity of short-term funds, a firm would best choose the ________ financing strategy.

• A) aggressive
• B) conservative
• C) permanent
• D) seasonal

---

Definitions:

Torsion Bar

A length of steel bar fastened to a control arm at one point and the vehicle’s frame at another. Movement of the control arm imparts twist on the torsion bar. The absorption of the twist is the spring action of the torsion bar.

4WD

Four-Wheel Drive, a drive system where torque is supplied to all four wheels of the vehicle for improved traction.

High-Performance

Refers to vehicles or components designed for enhanced speed, power, and handling capabilities beyond standard specifications.

Luxury

A state or condition of great comfort, opulence, and extravagant living.