Chapter 10, Problem 3AA

To determine

To state: The correct word for the sentence.

Answer to Problem 3AA

The correct word for the sentence is sufficient.

Explanation of Solution

These costs are required by the company to start their operations and establish their business in the market. There are various sources of financing that a company can use to generate funds. For a new company, the foremost requirement is funding to start their operations. This procedure of funding is facilitated through financing. There are many types of financing which includes- debt financing, long term financing, short term financing, intermediate financing and equity financing. Through this, a company can evaluate the best possible way to generate funds for its start-up.

Economics Concept Introduction

Introduction: Financing is the procedure through which the companies are granted money to help them use such money in carrying out their businesses.