Final answer:
b) False
It is false that small startup firms usually have ready access to long-term loans from commercial banks, as banks typically see startups as higher-risk borrowers.
Step-by-step explanation:
The statement that long-term loans from commercial banks are usually readily available to small startup firms is false. Typically, commercial banks are more cautious when lending to small startups due to their lack of credit history and higher risk of default. Small firms might find bank borrowing more accommodating than issuing bonds, as banks can offer more customized loan agreements and closely monitor the firm's financial activities through their banking transactions. However, small startups often face challenges in securing long-term loans from banks without significant collateral or a proven track record. Larger, well-established companies are more likely to have access to a range of financing options, including issuing bonds, to raise capital for major investments or acquisitions.