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In the context of funding, which of the following is true of owners of small firms? They use external financing only when they want to
In the context of funding, which of the following is true of owners of small firms?
They use external financing only when they want to maintain a low level of accounts receivable.
They prefer using their own funds as they are unwilling to share control of their firms.
They frequently resort to external funding rather than investing their own funds.
They are more dependent on longterm debt than on shortterm debt.
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