One of the board finance committee’s key jobs is establishing the appropriate level of debt. Listening to the committee’s discussions as an observer, you know that long-term debt... ...
a. is available to not-for-profits on the same terms as for-profits. ...
b. increases financial risk and should be tested against worst-case scenarios. ...
c. is generally avoided by excellent HCOs. ...
d. is generally avoided unless interest rates are very low