Question

_____ resources refer to the capital used by an organization to fund both ongoing and long-term operations.

Answer 1

Financial resources refer to the capital used by an organization to fund both ongoing and long-term operations.

Financial resources is the resource from which the enterprise obtain funds they need to finance their investments, capital and current activities. The funds are obtained from the enterprise from three general resources: Financial institutions, capital markets, owners equity.

    Financial resources provide cost estimate for purchasing and budget decisions. Its an applicant and his or her dependant as determined. They are responsible to carry out the main operations of the business, like buying goods and services and to carry out long term investments.

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