Prepping for Exams

  1. In the life cycle of a business, we most closely identify a stable business with           .

    1. old age

    2. youth

    3. maturity

    4. infancy

  2. Banks and other lending institutions           .

    1. frown on family funding for start-up businesses

    2. have lending models better fitted for start-up businesses compared with established businesses

    3. are in competition with the Small Business Administration for start-up loans

    4. are often the next sources of financing for businesses after personal and family contributions

  3. If the SBA makes a loan guarantee, the guarantee is only           . If the original borrower defaults, the government will repay the obligation up           .

    1. to the borrower; to the loan balance

    2. to the public at large; to ...

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