Short-Term Loans Are BEST Described by Which of the Following

question 65

Multiple Choice

Short-term loans are BEST described by which of the following?

• A) They are always secured.
• B) They have a maturity of one year or longer.
• C) They do not require any collateral.
• D) They are shown as a liability on the balance sheet.

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Definitions:

Revenue Opportunities

Potential scenarios or strategies that can lead to increased income or profits for a business or organization.

Public Utility Corporation

A company that provides essential public services, such as water, electricity, and natural gas, regulated by government entities.

Legislation

The process of making or enacting laws, or the body of laws that have been enacted by a legislative body.

Enforceable

Capable of being put into effect or action according to legal principles or regulations.