Money needed for the important resources of a business (such as land, buildings, and equipment) that will last for many years is called

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.

GPT-4o mini · Answer

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.