Asked by precious edwards on May 18, 2024
Verified
Short-term debt is incurred for what time frame?
A) Less than six months
B) One year or less
C) One to five years
D) Depends on the deal structure
Time Frame
The period during which an event occurs or a condition exists.
Short-Term Debt
Financial obligations that are due for repayment within one year from the current date.
- Familiarize yourself with the specific terms and ideas related to the timing and structural aspects of funding in entrepreneurial endeavors.
Verified Answer
KS
Krytal Shane BalubarMay 21, 2024
Final Answer :
B
Explanation :
Short-term debt is typically incurred for a period of one year or less. Options A, C, and D are not correct as they either cover a longer timeframe or imply variability in the time duration based on the deal structure.
Learning Objectives
- Familiarize yourself with the specific terms and ideas related to the timing and structural aspects of funding in entrepreneurial endeavors.
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