Which of the following statements about various short-term credit alternatives is correct?
A. The firm has complete control over the terms and the levels of the accruals it uses, which makes this type of credit an attractive source of additional funding.
B. Commercial paper is a type of secured promissory note issued by large, financially strong firms.
C. Banks generally charge a commitment fee on the used balances of credit lines to compensate for guaranteeing the availability of revolving credit.
D. The funds used by a firm to maintain a compensating balance with the bank cannot be used by the firm to pay its bills or to invest in capital budgeting projects.
E. The credit created when one firm buys goods or services on credit from another firm is known as accounts receivable.
Answer: D
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________ is a doctrine that says automobile manufacturers are under a duty to design automobiles by taking into account the possibility of harm from a person's body striking something inside the automobile in the case of a car crash
A) Crash avoidance B) Crashworthiness C) Risk compensation D) Conspicuity
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Taylor (2014) argues that one of the major arguments in favour of internal recruitment is speed of adjustment, which refers that:
a. the induction process is not needed. b. training to perform is shortened in time. c. the psychological contract is different. d. they adapt to organizational culture more quickly.