eel, an entrepreneur, starts a consulting firm with very limited funds. In order to conduct...
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eel, an entrepreneur, starts a consulting firm with very limited funds. In order to conduct business, he purchases a few laptops and other office equipment from a local electronics wholesaler. he wholesaler understands his financial situation and allows him to pay for the goods in installments. In this scenario, the type of funding obtained by Teel can be regarded as a Multiple Choice nonrecourse loan. line of credit. working capital loan. business subsidy. trade credit. 
eel, an entrepreneur, starts a consulting firm with very limited funds. In order to conduct business, he purchases a few laptops and other office equipment from a local electronics wholesaler.
he wholesaler understands his financial situation and allows him to pay for the goods in installments. In this scenario, the type of funding obtained by Teel can be regarded as a
Multiple Choice
nonrecourse loan.
line of credit.
working capital loan.
business subsidy.
trade credit.
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