Where Can a New Business Owner Go to Seek Help

question 65

Multiple Choice

Where can a new business owner go to seek help and learn from other institutions and disciplines?

• A) The Service Corps of Retired Executives (SCORE)
• B) The Small Business Development Center (SBDC)
• C) Small business investment companies (SBICs)
• D) Venture capitalist
• E) Minority Enterprise Small Business Investment Companies (MESBICs)

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Definitions:

Life Estate

A legal arrangement whereby a person (life tenant) has the right to use, occupy, and benefit from a property during their lifetime, but cannot sell it, and upon their death, it passes to a remainderman.

Strip-Mine

Strip-mining is an extractive mining technique used for surface mineral extraction, where layers of soil and rock are removed to access buried mineral or coal deposits.

License

A legal permission granted by an authority to engage in a particular activity or to use a particular property not owned by the license holder.

Real Property

Land and anything permanently attached to it, such as buildings, in contrast to personal property.