Which of the Following Statements Is NOT True

question 39

Multiple Choice

Which of the following statements is NOT true?

• A) Accounts payable (trade credit), bank loans, and commercial paper are common sources of short-term financing.
• B) An informal line of credit is a verbal agreement between the firm and the bank, allowing the firm to borrow up to an agreed-upon limit.
• C) An informal line of credit is a special type of collateralized loan.
• D) A formal line of credit is also known as "revolving credit."

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Definitions:

Marketing Strategies

Planned actions aimed at promoting and selling a product or service to target customers.

Utility

In economics, utility refers to the total satisfaction received from consuming a good or service.

Mass Customization

A production and marketing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Individual Features

Specific characteristics or attributes that distinguish one person or thing from another.