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:

Former Slaves

Individuals who were previously enslaved and have since gained their freedom, particularly in reference to the historical context of slavery in various regions.

Importation Of Slaves

The historical practice of bringing enslaved African people to various parts of the world, especially to the Americas, through the transatlantic slave trade.

Louisiana Purchase

The acquisition of the Louisiana territory by the United States from France in 1803, which doubled the size of the U.S. and opened up the country for westward expansion.

Slave Society

A society in which the institution of slavery impacts all aspects of life, including economic, social, and political structures.