A firm's external financing need is met by:
a. debt or equity.
b. owners' equity, including retained earnings.
c. net working capital and retained earnings.
d. net income and retained earnings.
e. retained earnings.
Ans: a. debt or equity.
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A) consume less. B) produce less. C) make choices. D) earn more. E) work more.
In the United States, government-imposed price supports are most often associated with
A) agricultural products. B) industrial products. C) consumer electronics. D) commercial building products.
"Consumed by one, consumed by all." This describes
A) public goods. B) private goods. C) consumer goods. D) inferior goods.
If two investments, X and Y, have the same expected return an individual investor would prefer:
a. the one with a higher standard deviation. b. the one with a higher mean. c. the one with a lower correlation coefficient. d. the one with a lower variance.