Unlike the spontaneous sources of unsecured short-term financing, bank loans are negotiated and result from deliberate actions taken by the financial manager.

Name: Unlike the spontaneous sources of unsecured short-term financing, bank loans are negotiated and result from deliberate actions taken by the financial manager.
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Question

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Bank loans are generally planned and negotiated by the financial manager, rather than being an impromptu source of financing like unsecured short-term financing.

Unlike the Spontaneous Sources of Unsecured Short-Term Financing, Bank Loans