A loan that is paid back in installments over an extended period of time is an example of a ________
A) lease agreement
B) trade credit
C) corporate bond
D) long-term loan
E) commercial paper
Answer: D
Explanation: In long-term loans, a bank or other lender provides cash to borrowers. The borrower agrees to repay according to specific terms.
You might also like to view...
DynaTech's chief operating officer sees recent worldwide technological advances as playing a key role in helping the company to globalize. Which of the following, if true, most strengthens his position?
A) Increasing free trade has helped many more companies do business internationally than have done so before. B) Internet communications have helped businesses coordinate and communicate with faraway locations. C) Free markets tend to encourage companies to expand their business in whatever ways are the most profitable. D) Global firms are finding it expensive to train their employees for cross-cultural communication. E) Countries with emerging markets that attract foreign companies often have technological limitations.
Economies of scope are only possible in production
Indicate whether the statement is true or false