Title: Explain how credit budgets and credit are used to achieve the goals of an agribusiness.
Course: Agricultural Business Operations II (18201-36) > Section: Managing Financial Records and Reports

Explanation should include

- characteristics of various types of credit instruments used in agribusiness
  - lines of credit
  - operating notes
  - alternative sources of capital
- terms and conditions associated with credit instruments
  - repayment terms
  - annual percentage rate (APR)
  - grace periods
  - personal liability
  - interest rates
- needs and appropriate uses of available credit to meet business goals.

Process/Skill Questions:

- What is an operating note?
- What are some sources of capital?
- Why is it important to evaluate the terms and conditions associated with credit instruments?