Which form of short-term financing is similar to a credit card, in that you have a maximum credit limit that you can borrow against at any time, and you only pay interest on the amount of funds you have used?
A) Promissory note
B) Factoring
C) Line of credit
D) Trade credit
E) Equity financing
Question 2
You manage a team of factory supervisors. After this year's performance appraisals, you had to terminate one of your supervisors for consistently falling below established standards. Terminating the employee is an example of using performance appraisal to accomplish the objective of:
A) evaluating performance against standards.
B) making personnel decisions.
C) recruiting more competitively.
D) assessing HRM practices.
E) improving job analysis processes.
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Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...