Which of the following best describes a bank loan arrangement where a bank agrees to lend a firm any amount up to a stated maximum in an informal agreement which does not legally bind the bank to provide the funds?
A) single, end-of-period payment loan
B) bridge loan
C) committed line of credit
D) uncommitted line of credit
Answer: D
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360 degree feedback activities are typically part of:
a. coaching relationships b. feedback intensive programs c. developmental experiences d. self-awareness programs
Under the corporate form of business organization:
A) ownership rights are easily transferred. B) a stockholder is personally liable for the debts of the corporation. C) stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation. D) stockholders wishing to sell their corporation shares must get the approval of other stockholders.
Which of the following pairs of accounts would an auditor most likely analyze on the same working paper?
A. Notes receivable and interest income. B. Accrued interest receivable and accrued interest payable. C. Notes payable and notes receivable. D. Interest income and interest expense.
________ are the best hope for social progress in developing countries.
a. Educational institutions b. For-profit firms c. Healthcare institutions d. Transportation infrastructure improvements