Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter8: Business Organizations
Section: Chapter Questions
Problem 14AA
Related questions
Question
Which of the following best describes equity in a firm?
a. A formal agreement for the firm to repay a lender over a specified portion of time.
b. A share of ownership of the firm.
c. An institution that lends money to a firm over a defined period.
d. None of the above.
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