The following statements relate to long-term financing. Which is true? a. The risk on any type of external financing is greater than internal financing. b. An initial public offering will come first before a rights offering and a private placement. c. The Philippine Stock Exchange is the entity that is in charge of initial public offerings. d. The reissuance of shares that became treasury will have a cost of financing at market prices.

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Goals and Objectives

A goal motivates a person to achieve a desired outcome using the available resources within a specified time limit. Having goals helps a person focus on a specific desire and directs them to achieve it. An objective is a specific action and a measurable process to achieve the desired goal. A goal needs a specific action plan, i.e., an objective, to be accomplished.