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Maurice, an entrepreneur, starts a business consulting firm. In order to conduct his business, he acquires 10 chairs, 6 office desks, 4 tables, and some other pieces of furniture from a local furniture store. The store owner understands that Maurice lacks sufficient funds and extends him credit, allowing him to pay for the furniture in installments. In this scenario, the type of funding obtained by Maurice can be regarded as a(n)Maurice, an entrepreneur, starts a business consulting firm. In order to conduct his business, he acquires 10 chairs, 6 office desks, 4 tables, and some other pieces of furniture from a local furniture store. The store owner understands that Maurice lacks sufficient funds and extends him credit, allowing him to pay for the furniture in installments. In this scenario, the type of funding obtained by Maurice can be regarded as a(n)
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Maurice, an entrepreneur, starts a business consulting firm. In order to conduct his business, he ac...
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