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Question

An effective appraisal of various sources must be instituted by the business to achieve its main objectives. 


  1. False

  2. True


Solution

The correct option is B

True


An effective appraisal of various sources must be instituted by the business to achieve its main objectives. The selections of a source of business finance depend on factors such as cost, financial strength, risk profile, tax benefits and flexibility of obtaining the funds. 

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