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Not-for-profit firms do not have the same flexibility in making financing decisions because Question 3 options: Tax structures are unfavorable Banks are not as willing

Not-for-profit firms do not have the same flexibility in making financing decisions because Question 3 options: Tax structures are unfavorable Banks are not as willing to lend to not-for-profit organizations as they are to for-profit organizations Governing boards tend to avoid debt They cannot issue common stock

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