Borrowing. What is the difference between temporary and permanent working capital needs? What is the general rule about when to borrow long term or short term? Borrowing. In terms of risk and return...

Borrowing. What is the difference between temporary and permanent working capital needs? What is the general rule about when to borrow long term or short term?

Borrowing. In terms of risk and return (profit), compare the advantages and disadvantages of both short- and long-term borrowing to meet working capital needs.