Of the Sources of External Funds for Nonfinancial Businesses in Canada

question 22

Multiple Choice

Of the sources of external funds for nonfinancial businesses in Canada, loans from banks and other financial intermediaries account for ________ of the total.

• A) 6 percent
• B) 40 percent
• C) 56 percent
• D) over 70 percent

---

Definitions:

Cost Reduction

Strategic efforts by businesses to decrease expenses and improve efficiency, often to enhance profitability.

Supply Chain Management

Supply chain management encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management to efficiently produce and distribute goods and services.

Logistics

The detailed coordination and implementation of complex operations involving the movement of people or goods.

Value Chain Optimization

A strategic process aimed at improving efficiency and competitive advantage by analyzing and optimizing each step involved in producing a product or service.