For Most Businesses, Particularly Smaller Ones, the Most Common Way

question 26

Multiple Choice

For most businesses, particularly smaller ones, the most common way to cover a short-term financing need is to apply at a bank for which of the following?

• A) Commercial loan
• B) Line of credit
• C) Asset-based loan
• D) Inventory loan

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Definitions:

Affiliation

The joining of people for mutual support; membership; a social motive for assuming leadership responsibility.

Achievement

Accomplishment of a task; fulfillment; a social motive for assuming leadership responsibility.

Motivating Force

The driving power or influence behind actions and behaviors aimed at achieving goals.

Employees

Individuals hired by an organization to perform specific duties in exchange for compensation.