Question

3 - debt financing
learning objective: recognize options for long - term debt financing.
which of the following describes a long - term business loan?
a.) it is typically interest - free.
b.) it has repayment terms that range from 10 to 30 years.
c.) it involves a great number of people.
d.) it limits public disclosure of financial data.

Explanation:

Long - term business loans typically have repayment periods that range from 10 to 30 years. They are not interest - free, and the number of people involved isn't a defining characteristic, nor is limiting public disclosure of financial data a key feature.

Answer:

B. It has repayment terms that range from 10 to 30 years.