JAMB Commerce 2012 Objective — Question 28

Question 28 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2012 Objective paper, with the correct answer and a full explanation.

A business organization can obtain long-term financing through a

A. bank overdraft
B. the sale of sharesCorrect
C. credit purchases
D. bureau de change

Explanation

Shares have no maturity date; thus, it is a long-term finance to limited liability companies.

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