A Type of Short-Term Financing Used by Many Firms Is

question 48

Multiple Choice

A type of short-term financing used by many firms is:

• A)bank overdraft.
• B)accounts receivable.
• C)unsecured notes.
• D)leasing.

---

Definitions:

Facility-sustaining Activities

Costs and activities associated with maintaining a manufacturing or production facility at an operational status, independent of the actual levels of production.

Batch-level Activities

Operations and tasks performed for a group of units produced as a single batch, costing is aggregated at the batch level.

ABC

Activity-Based Costing, a method of allocating costs to products or services based on the resources they consume.

Unused Capacity

Refers to the resources or capabilities within a business that are not currently being used to their full potential, which can lead to inefficiencies or lost income.