An Advantage of Short-Term Over Long-Term Borrowing Is

question 27

Multiple Choice

An advantage of short-term over long-term borrowing is:

• A)lower costs.
• B)no need to repay.
• C)flexibility.
• D)all of the above.

---

Definitions:

Slope

The gradient of a line, described as the division of the change in height by the change in width between two points on that line.

Graph

A visual representation of data or mathematical functions typically plotted with coordinates on a two-dimensional plane.

Point

A precise location or position in a two-dimensional or three-dimensional space, usually represented by a dot.

Access Ramp

A sloped surface designed to allow people with disabilities to enter or exit buildings.