Business organizations exclusively use long-term financing for their short-term and long-term needs.

Name: Business organizations exclusively use long-term financing for their short-term and long-term needs.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Business organizations use both long-term and short-term financing depending on their needs. Short-term financing is used for short-term needs such as paying suppliers, while long-term financing is used for long-term needs such as purchasing fixed assets or expanding the business.

Business Organizations Exclusively Use Long-Term Financing for Their Short-Term and Long-Term