Long-Term Debt Is Generally Viewed as a Permanent Financing Source

question 73

True/False

Long-term debt is generally viewed as a permanent financing source for a firm.

---

Definitions:

Federal Sentencing Guidelines

Rules established by the United States federal government that set out a uniform policy for sentencing individuals and organizations convicted of felonies and serious (Class A) misdemeanors.

Business Misconduct

Unethical or illegal actions undertaken by individuals or organizations in a business context.

Government Regulation

Laws and directives imposed by governments in order to control or modify economic, social, or individual behaviors within a country.

Morals

Principles or habits with respect to right or wrong conduct, forming the basis of ethical behavior.