Which of the following is a type of financing that generally refers to resources that must be repaid in a period of up to one year? a) Very long term financing B) Very short term financing NS) Medium term financing D) long term financing TO) short term financing
1
Which of the following is a type of financing that generally refers to resources that must be repaid in a period of up to one year? |
|
Financing is of the crucial business activities that are responsible for providing adequate funds for carrying out various business functions and operations. In simple words, it refers to the process of providing funds for all the business activities such as planning, hiring, productions, distribution, sales, and marketing, etc. Finance is termed as the lifeline of any business as it acts as a fuel to start and run the business operations. Organizations plan the need for finance according to the requirements and scale of business production. These financial resources are then acquired from multiple sorts, medium and long-term sources based on the benefit and cost evaluation. A financial manager undertakes the responsibility of planning this need, acquiring the resources, and making effective utilization of the same in the business.
Step by step
Solved in 2 steps
