If a small business owner needs to obtain a loan for purchasing inventory that is expected to sell within one year,the maturity of the loan should be

Name: If a small business owner needs to obtain a loan for purchasing inventory that is expected to sell within one year,the maturity of the loan should be
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A short-term loan is appropriate for financing inventory that is expected to sell within one year, as it aligns with the short-term nature of the inventory turnover.

If a Small Business Owner Needs to Obtain a Loan