Which of the following is true of a (revolving) $10 million bank line of credit?
a) The borrower can draw down up to a maximum $10 million
b) Subject to the borrower abiding by conditions (covenants), the bank must make the full line available to be borrowed.
c) The stated interest rate is paid only on the amount actually drawn down; there may be a fee to be paid on the rest.
d) The borrower may pay back some or all of the debt prior to the credit line's maturity.
e) All of the above.
Answer: e) All of the above.
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Companies who provide services and/or component products to another company are necessarily included in corporate social responsibility programs. These outside companies are known as:
A. The supply chain B. Investment advisors C. Railroads
SteelMakers Inc (SMI) is in urgent need of senior sales executives. Sales have declined in the last three quarters while the market share of their leading competitor, Steelworld, has steadily increased
SMI has realized that they are losing out not because of inferior products, but because they have not been able to pitch their products as well as Steelworld. After careful observation of the sales efforts of the latter, the SMI management has decided to offer extremely lucrative, hard to refuse, deals to one or two selected members of Steelworld's sales team. Which of the following modes of sourcing is SMI using in this case? A) ambushing B) employee referrals C) poaching D) pull-up hire