A disadvantage of short-term debt over long-term debt is:
A) less flexibility.
B) greater frequency of re-funding.
C) a greater likelihood of penalties for early repayment.
D) All are disadvantages.
Correct Answer:
Verified
Q20: Select the incorrect statement concerning retained profits
Q21: Covenants imposed on a loan may include:
A)a
Q22: A long-term lease that cannot be cancelled
Q23: Which statement is correct?
A)Short-term assets should be
Q24: A loan provided by a financial institution
Q26: The use of debt finance can lead
Q27: A mortgage is a form of loan
Q28: A form of debt finance which pays
Q29: Which of the following is not a
Q30: Which of these is an advantage of
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