As a financial manager, you decide to borrow funds in order to meet payroll. Your company will pay back the funds within nine months. You are seeking ________ financing

A) long-term
B) short-term
C) retained earnings
D) equity
E) capital

B
Explanation: B) Short-term financing is any type of financing that is repaid within a year or less. It is used to finance day-to-day operations such as payroll, inventory purchases, and overhead (utilities, rent, leases).