ENTREPRENEURSHIP

Detailed explanation-1: -The main sources of short-term financing are (1) trade credit, (2) commercial bank loans, (3) commercial paper, a specific type of promissory note, and (4) secured loans.

Detailed explanation-2: -Short-term finance is the type of business financing where it is obtained for a year or less. The sources of short-term finance are trade credit, cash advance loans, and short-term borrowings. Hence, option (D) is the correct answer. Was this answer helpful?

Detailed explanation-3: -Examples of short-term finance include invoice discounting, working capital loans, factoring, trade credit, and business lines of credit. Short-term financing requires less interest and documentation and is disbursed quickly.

Detailed explanation-4: -Short-term debt-based financial instruments last for one year or less. Securities of this kind come in the form of Treasury bills (T-bills) and commercial paper. Bank deposits and certificates of deposit (CDs) are also technically debt-based instruments that credit depositors with interest payments.