Multiple Choice QuestionTrey has $25,000 in savings, two new laptops, two laser printers, and a variety of quality office furniture that he's using to start his new Internet auction startup business. This array of assets brought into a company is known as _____ financing because Trey is using real personal assets rather than borrowing funds from outside sources.Multiple choice question.fiduciaryequityventuresecondary
Question
Multiple Choice QuestionTrey has $25,000 in savings, two new laptops, two laser printers, and a variety of quality office furniture that he's using to start his new Internet auction startup business. This array of assets brought into a company is known as _____ financing because Trey is using real personal assets rather than borrowing funds from outside sources.Multiple choice question.fiduciaryequityventuresecondary
Solution
The correct answer is "equity". This is because Trey is using his own personal assets to finance his startup business, rather than borrowing funds from outside sources. This type of financing is known as equity financing.
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