A short-term promissory note that is backed only by the borrower's reputation and credit standing is known as:
A) commercial paper.
B) equity financing.
C) factoring.
D) a line of credit.
E) trade credit.
Question 2 - Sue had a performance appraisal where she received low scores for not making progress on a market research project. Sue is disappointed because she was never informed that this project was part of her job. What performance appraisal objective did Sue's manager fail to achieve?
A) Evaluating performance against standards
B) Making personnel decisions
C) Assessing HRM practices
D) Assessing selection procedures
E) Poor HRM planning
Question 3 - 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 4 - 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.
Question 5 - In order to obtain a short-term loan from the bank, Dillon Foods must pledge its inventory as security. The inventory serves as _______ for the loan.
A) collateral
B) equity
C) trade credit
D) securitization
E) commercialization
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