Long-Term Financing Is Usually Less Expensive Than Short-Term Financing Because

question 120

True/False

Long-term financing is usually less expensive than short-term financing because firms have longer periods of time to pay off long-term debt.

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Definitions:

Back-Of-The-Napkin Plan

An informal or preliminary sketch of a plan or idea made spontaneously, often on a napkin or similar surface.

Feasibility Study

An analysis and evaluation of a proposed project to determine if it is technically feasible, financially viable, and legally permissible.

Completeness

The state or condition of having all parts or elements; lacking nothing.

Speed

The rate at which someone or something is able to move or operate.