External Funding Needed Is

question 73

Multiple Choice

External funding needed is

• A) the additional debt or equity a company needs to issue so that it can purchase additional assets to support an increase in sales.
• B) the additional funds raised by a company to pay off existing short-term debt.
• C) the additional funds raised by a company to pay off existing long-term debt.
• D) None of the above are true.

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Definitions:

Precise

Describes the attribute of being exact and accurate in expression or detail.

Jargon

Language used by a particular group, profession, or culture that may not be understood or used by other people.

Concrete

Referring to something you can experience with your senses.

Concise

Expressing or conveying information in a clear and brief manner, without unnecessary details.