Asset-Based Borrowing Permits Small Businesses ________

question 37

Multiple Choice

Asset-based borrowing permits small businesses ________.

• A)to borrow up to 100 percent of the value of their inventory or their accounts receivable for the money they need for long-term goals
• B)to use normally unproductive assets such as accounts receivable and inventory
• C)to obtain loans more easily but with less borrowing power than using unsecured lines of credit
• D)access to a source of funds ideally suited for long-term financing needs

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Definitions:

Job Rotation

A strategic human resources technique involving moving employees through a variety of jobs at the same company to increase their knowledge and skills.

Performance Aid

Tools or resources used to improve or facilitate the performance of tasks, ranging from written guides to software applications.

Pre-flight Checklist

A comprehensive list of items to be checked or tasks to be completed before beginning a flight to ensure safety and readiness.

On-the-job Training

Training provided at the workplace while the employee is doing their actual job, often through direct instruction, shadowing, or hands-on practice, to develop job-specific skills.