Fred, the president of Fred, Inc., has executed a ____. The terms of the Fred, Inc. promissory note require the corporation to repay the loan in monthly installments.
A. term-loan agreement
B. trade loan agreement
C. business financing agreement
D. equity note
Answer: A
You might also like to view...
Which of the following best describes the difference between access controls and application controls?
A. Access controls limit who can change records and application controls provide an audit trail of any changes. B. There is no difference between access and application controls. C. Access controls implement business rules and application controls do not. D. Access controls are "prohibited" business rules and application controls are "allowed" business rules.
When companies sell on the Internet, price becomes transparent, and price differentiation between countries declines
Indicate whether the statement is true or false
In successful teams, leadership is likely to be shared, which requires more direct and effective communication within the organization
Indicate whether the statement is true or false
The bullwhip effect has been shown to account for as much as how much of a firm’s total costs?
a. 1% b. 5% c. 10% d. 20%