Generally speaking, short-term debt riskier than long-term debt, but it also has some advantages. In the following table, identify which type of funding (short-term debt or long-term debt) is being described in each case. This loan usually has higher interest rates. Interest rates tend to fluctuate more over time. It takes a longer time to obtain this type of financing. O Long-term debt Short-term Debt Which type of financing should Omni Consumer Products Co. use if it wants to get the lowest interest rate possible? Short-term debt Long-term Debt

Generally speaking, short-term debt is riskier than long-term debt, but it also has some advantages. In the following table, identify which type of funding (short-term debt or long-term debt) is being described in each case. Which type of financing should Omni Consumer Products Co. use if it wants to get the lowest interest rate possible? Long-term debt Short-term debt