When Given a Choice, Businesses Prefer to Obtain Long-Term Financing

question 95

True/False

When given a choice, businesses prefer to obtain long-term financing through retained earnings or by borrowing from a lending institution such as a bank.

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Definitions:

George Berkeley

George Berkeley was an Irish philosopher in the 18th century, best known for his theory of immaterialism, arguing that physical objects do not exist independently of the mind that perceives them.

Empiricism

A philosophical standpoint emphasizing that knowledge comes primarily from sensory experience and evidence gathered through experimentation.

Innate Categories

refer to the basic, naturally occurring classifications that the human mind is believed to automatically and instinctively recognize and sort information into.

Taste Buds

Sensory organs located on the tongue, allowing for the perception of different tastes such as sweet, sour, bitter, and salty.