Answer the following statement(s) true (T) or false (F)
1. Being in business for yourself is personally satisfying and allows more time for recreation and family.
2. The Small Business Administration often provides funding for small businesses through direct loans and low interest rate loans for business start-ups.
3. In order to qualify for a SBA loan guaranty, the small business must only meet the SBA’s criteria of size and ownership.
4. The SBA can guarantee as much as 85 percent of loans up to $150,000 and 75 percent of loans greater than $150,000.
5. SBIC’s provide small business owners assistance and advice.
1. FALSE
2. FALSE
3. FALSE
4. TRUE
5. TRUE
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The Fed makes an open-market purchase of $5 million in an economy in which no bank holds excess reserves and the assumptions of the simple multiplier hold with a reserve requirement of 8 percent. Draw up a table to show the amount of new deposits in each new bank (show the amounts in the first five of them), the additional reserves held by that bank, and the loans made by that bank, as each successive bank lends out its excess reserves. Finally, calculate the total amount of new deposits, of additional reserves, and of loans made in the economy.
What will be an ideal response?
The introduction of community indifference curves into our trading example focuses attention on the nation's
a. income level. b. resource prices. c. tastes and preferences. d. productivity level.
Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department manager prepared the inventory purchases budget. Sentra's policy is to maintain an ending inventory balance equal to 15% of the following month's cost of goods sold. January's budgeted cost of goods sold is $70,000. October November December Budgeted cost of goods sold60,000 40,000 50,000 Plus: Desired ending inventory6,000 ? ? Inventory needed66,000 ? ? Less: Beginning inventory9,000 ? ? Required purchase (on account)57,000 ? ? What is the amount of ending inventory that the company will report on its pro forma balance sheet?
A. $35,300 B. $7,500 C. $10,500 D. $60,500
Which of the following do not form part of the seven HRM practices identified by Pfeffer (1998) that, when combined, deliver improved performance:
a. extensive training b. selective hiring c. high pay contingent on company performance d. numerical flexibility