When securing a bank loan, which of the following is not a question an entrepreneur should be prepared to answer?
a. When do you need it?
b. How do you need it?
c. What do you need it for?
d. What is the price of your product?
ANSWER: d
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The Uniform Commercial Code requires the original owners of the goods to bear the burden of collecting from their fraudulent buyers.
Answer the following statement true (T) or false (F)
Single traits of personality include all of the following, EXCEPT ______.
a. optimism b. power c. locus of control d. machiavellianism
P&G's Tide laundry detergent has been around since 1948 and is still a market leader. P&G has used ________ advertising to reposition Tide several times over the product's life, trying to motivate new consumer segments to use the product.
A. persuasive B. emotional C. social marketing D. institutional E. informative
If the maker of the note fails to pay on the maturity date, the note is said to be dishonored
Indicate whether the statement is true or false