Typically,________ is needed to purchase the business's permanent or fixed assets.

Question

Quizplus · Accepted Answer

Fixed capital refers to the capital needed to purchase permanent or fixed assets such as land, buildings, equipment, and machinery. Working capital refers to funds used for day-to-day operations, while growth capital is used to fund expansion or new ventures. None of the above is not applicable in this scenario, as there is a need for capital to purchase fixed assets.

Typically,________ Is Needed to Purchase the Business's Permanent or Fixed