Erick's Transition Erick is currently a manager of a small financial planning firm.He is seeking a new career with a large corporation in the banking industry.He recently applied for the financial manager opening at G & T Bank.He is concerned that the transition from his small firm to a large corporation will be difficult.To better prepare himself for this change,he has decided to enroll in a few business classes to strengthen his understanding of corporate finance.The business classes have proven to be a valuable tool for learning the critical skills needed to fully understand a financial plan,equity financing,and debt financing.Erick now believes he has strengthened his competitive advantage in his quest for the job.
-Refer to Erick's Transition.During his job interview,Erick was asked to talk about money received from the owners or from the sale of shares of ownership in a business.Which of the following would best describe these funds?
A) Debt capital
B) Equity capital
C) Proceeds from a merger or acquisition
D) Proceeds from the sale of assets
E) Sales revenue
Correct Answer:
Verified
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