Which of the following is most appropriate for a business that may experience a sudden need for funds but does not know precisely when?

Question

Quizplus · Accepted Answer

An informal line of credit is most appropriate for a business that may experience sudden financial needs without precise timing. It allows the business to borrow money as needed up to a pre-approved limit, offering flexibility to manage unpredictable cash flow requirements.

Which of the Following Is Most Appropriate for a Business