Question
Short-Term Business Financing 31. Which of the following is NOT a characteristic of a current asset? a. cash b. marketable securities c. accounts payable d.
Short-Term Business Financing
31. Which of the following is NOT a characteristic of a current asset?
a. cash
b. marketable securities
c. accounts payable
d. accounts receivable
32. The balanced approach is also referred to as the ___ ___ ___.
a. maturity matching approach
b. immature matching approach
c. permanent matching approach
d. primary matching approach
33. What is a line of credit?
a. a loan limit established by the consumer to payback a loan
b. a loan limit established by a bank for each business customer
c. a loan limit established by a bank for each student loan
d. a loan limit established by a bank for each consumer
34. Who established the Small Business Administration (SBA)?
a. the federal government
b. OSHA
c. it is a private owned entity
d. it is owned by a foreign firm
35. What is commercial paper?
a. a long-term promissory note
b. a short-term promissory note
c. a long-term secured loan
d. a short-term secured loan
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