Which of the following statements regarding a line of credit is true?
A) A line of credit agreement is a legal commitment on the part of the bank to provide the stated
credit.
B) Such agreements usually cover the borrower's fiscal year.
C) The purpose for which the money is being borrowed must be stated by the borrower.
D) A line of credit agreement usually fixes the interest rate that will be applied to any extensions
of credit.
B
Business
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A document that shows all projects that must be completed and the related IT needs in order to achieve long-range company goals is known as a
A) performance evaluation. B) project development plan. C) data processing schedule. D) strategic master plan.
Business
The auditor's opinion is included with the annual report issued by the corporation
Indicate whether the statement is true or false
Business