Asked by taylor harrington on Apr 25, 2024
Verified
Which activities provide the necessary funds to start a business and to expand it after it begins operations?
A) Selling
B) Financing
C) Operating
D) Investing
Financing Activities
Transactions that involve raising capital or funds for a company's operations, including debt, equity, and other financial instruments.
- Recognize the importance of financing and investing activities for businesses.
Verified Answer
VR
Varkala Revathi7 days ago
Final Answer :
B
Explanation :
Financing activities are crucial for raising the necessary funds to start a business and to support its expansion after it begins operations. This includes obtaining capital through loans, selling equity, or other financial instruments.
Learning Objectives
- Recognize the importance of financing and investing activities for businesses.
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