Which One of the Following Best Describes a Line of Credit

question 10

Multiple Choice

Which one of the following best describes a line of credit?

• A)long-term prearranged,committed bank loan
• B)short-term prearranged bank loan that can be either committed or noncommitted
• C)short-term loan secured by accounts receivable
• D)long-term,prearranged,noncommitted bank loan
• E)short-term loan secured by inventory

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Definitions:

Hans Selye

A Hungarian-Canadian endocrinologist known for his studies of the effects of stress on the human body and formulating the General Adaptation Syndrome model.

Transactional Model

A theoretical framework for understanding the dynamic and reciprocal interaction between individuals and their environment.

Lazarus & Folkman

Scholars known for their work on stress, appraisal, and coping, a theory that explores how individuals manage and respond to stressors.

Plumbing Analogy

A simplistic comparison often used to explain complex systems by likening them to more understandable and straightforward plumbing systems.