Lois wants to start an art gallery. However, because of lack of adequate funds, she decides to borrow money from a bank. The bank is hesitant to give money to Lois because it cannot verify whether her business would be able to earn enough profit to repay the borrowed amount within the stipulated period. However, after a thorough research, the bank grants her the money. In the given scenario, Lois uses _____ to fund her business.
A. crowdfunding
B. a loan
C. venture capital
D. a credit card
Answer: B
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A) community B) channel C) association D) personality E) cluster
Given that the determination of a variable transaction price may change over time, how is this change accounted for?
What will be an ideal response?
Joseph Claiborne has just invested $180,000 in a coffee shop. He expects to receive cash income of $40,000 a year. What is the payback period?
A) 2.5 years B) 3 years C) 3.5 years D) 4.5 years E) 5 years
The final paragraph of a request should not
A) sound friendly and positive. B) offer to reciprocate. C) take the reader's cooperation for granted. D) state and justify when the information or action is needed. E) show appreciation for the assistance to be provided.