passwella.
Menu

JAMB Commerce 2012 Question 28

Question 28

Business Finance

A business organization can obtain long-term financing through

  1. A.bank overdraft
  2. B.the sale of shares
  3. C.credit purchases
  4. D.bureau de change.
Show the answer and explanation

Answer: B (the sale of shares)

Explanation

Selling shares brings in permanent capital; overdrafts and credit purchases are short-term.