Which of the following is not an advantage of short-term borrowing?
A)flexibility
B)establishing continuous relationships with a bank or financial institution
C)frequent renewals
D)lower cost

Question

Quizplus · Accepted Answer

Frequent renewals are not an advantage of short-term borrowing, as they can lead to higher costs and uncertainty for the borrower. The other options are all advantages of short-term borrowing, such as flexibility in terms of repayment and use of funds, establishing a relationship with a lender for future borrowing needs, and potentially lower costs compared to longer-term borrowing options.

Which of the Following Is Not an Advantage of Short-Term