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  5. A business organizat...

A business organization can obtain long term financing through

Commerce
JAMB 2012

A business organization can obtain long term financing through

  • A. bank overdraft
  • B. the sale of shares
  • C. credit purchases
  • D. bureau de change
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Correct Answer: Option B
Explanation

Share capital is a longterm means of sourcing for business funds. It is the part of the capital of a company that comes from the issue of shares.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts