A line of credit is an agreement that allows a company to borrow a set amount of money for a period of one year or more.
Answer the following statement true (T) or false (F)
False
Lines of credit allow companies to borrow flexible, not set, amounts of money as needed, typically for periods of less than one year.
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In environmental scanning the firm scans the world for environmental forces that might affect it.
Answer the following statement true (T) or false (F)
Which of the following add customer value?
a. setup time b. storage time c. idle time d. processing time
Which one of the following adjustments will increase assets?
A) Interest incurred on money borrowed during the period but not yet paid to the bank. B) Rent revenue is recorded for amounts owed by a tenant but not yet paid. C) The use of supplies is recorded. D) Depreciation for the period is recorded.
Paige independently owns and operates HiZ Inc., a company with 22 employees. She manages aggressively and expects rapid sales and profit growth. Paige's company is considered a(n) ________ venture.
A. dependent B. franchise C. intrapreneurial D. entrepreneurial E. small business