Answer:
Short-term.
Explanation:
Short-term can be explained to be financing of business for short period of time from different sources. This financing are seen to be in the periods of a year and is said to be for smaller scale businesses.
It is easily necessary to secure additional funds to cover expenses, especially for those smaller businesses or to take the next step in growing the business. These short term loans are seen to be a lending option that work for many businesses that experience seasonal revenue fluctuations, and are easily taken back from the enterprise on a daily basis or monthly to cover up for the year.
Utilitarianism is a personal moral philosophy which id being used in this scenario.
<h3>What is Utilitarianism?</h3>
This is the morality that advocates actions that foster happiness or pleasure and maximizes wellbeing of individuals.
The manager believing that the benefits of a choice exceed the costs is ethicalk as result of her having more profit which will maximize the company' wellbeing.
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Before the times of the labor unions, both the employer and the employee reserved the right of employment at will, meaning either one could terminate the agreement at any time and for any reason.
The correct term for the situation proposed in the question is employment at will. The other options describe agreements that have arisen since the creation of the labor unions.
The first option, a closed shop, described an agreement made between the hiring party and the labor unions in which the hiring party agrees to <u>only hire members of the union</u>, while an open shop is just the opposite.
Collective bargaining, on the other hand, is the long process in which the workers of an institution work through their labor unions in order to <u>negotiate contracts </u><u>and the terms of </u><u>employment</u><u>, which include income and benefits. </u>
Therefore the only option that existed prior to the development of labor unions is employment at will, which allowed the termination of a contract at any time for any reason.
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