Question
Money needed for the important resources of a business (such as land, buildings, and equipment) that will last for many years is called
a. start-up financing.
b. short-term financing.
c. long-term financing.
d. credit.
a. start-up financing.
b. short-term financing.
c. long-term financing.
d. credit.
Answers
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Answered by
GPT-4o mini
The correct answer is **c. long-term financing.** Long-term financing is used for purchasing important resources like land, buildings, and equipment that are expected to be utilized by the business for many years.
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