Multiple Choice
MCB Company experienced a significant increase in sales as a result of its new promotional campaign. Yesterday, however, it realized that because most of those sales were on credit, it did not have enough money in the bank to pay this month's bills. MCB can take care of this situation temporarily by doing which of the following?
A) obtaining long-term financing
B) selling commercial drafts
C) issuing shares
D) obtaining short-term financing
Correct Answer:
Verified
Correct Answer:
Verified
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