Tidewater Distributors has an arrangement with its bank in which it has access to a fixed amount of funds to use as needed, and the company has to make monthly payments along with interest based on the outstanding amount of the loan. What type of financing does Tidewater Distributors use?
A) Commercial paper
B) Line of credit
C) Factoring
D) Trade credit
E) Promissory note
Question 2
After the last round of performance appraisals, managers across all departments at Target realized that their newest employees did not meet standards on customer satisfaction scores. As a result, the company created a series of training modules that specifically addressed how to provide exceptional customer service at Target. Creating the training modules is an example of using performance appraisals to accomplish the objective of:
A) improving recruitment efforts.
B) making personnel decisions.
C) evaluating performance against standards.
D) assessing HRM practices.
E) changing job descriptions.
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