A Gas Station Is Likely to Receive ________ Term Credit

question 2

Multiple Choice

A gas station is likely to receive ________ term credit for gasoline purchases; a grocery store is likely to receive _________ term credit for vegetables purchases; and a manufacturer is likely to receive _________ term credit for purchase of plant and equipment.

• A)Short,short,short
• B)Long,long,long
• C)Long,long,short
• D)Short,short,long
• E)Short,long,long

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Definitions:

Employer-Employee Relationship

The legal and professional relationship between an employer and their employee, defining rights and obligations.

Restrictive Covenants

Restrictive covenants are conditions written into property deeds or lease agreements that limit how property can be used.

Fiduciary Duty

An obligation to act in the best interest of another party, such as the duty a trustee has to beneficiaries.

Confidential Information

Refers to data that is protected from unauthorized access or disclosure, often due to its sensitive, proprietary, or personal nature.