Which of the following is not a characteristic of short-term financing?
A. It must be repaid within three years.
B. It is easier to obtain than long-term financing.
C. There is less risk of nonpayment to the lender.
D. The amounts are usually smaller than amounts obtained through long-term sources.
E. There is a close working relationship between borrower and lender.
Answer: A
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The term "current financial resources" refers to:
A. The government's current assets and current liabilities. B. Assets that are available to be used for current expenditures. C. Financial resources used to provide electricity to local citizens. D. The current value of all net assets owned by the governmental unit. E. Those assets that can quickly be converted into cash.
Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of the initial stock offering
a. True b. False Indicate whether the statement is true or false
In a world of taxes but no transaction costs, the preferred strategy to maximize wealth is to pay dividends
Indicate whether the statement is true or false.
Specialty goods are usually low-priced items that are purchased often, are sold in many stores, are bought by habit, and lend themselves to self-service.
Answer the following statement true (T) or false (F)