Personal Reasons for Choosing One's Hometown as a Location for a New

question 87

Multiple Choice

Personal reasons for choosing one's hometown as a location for a new business venture include the fact that

• A) the entrepreneur knows the landmarks around his or her home community.
• B) credit can be established more easily.
• C) friends and relatives line up new customers.
• D) this reduces the risk of operations.

---

Definitions:

Conflicting Interests

Situations where competing priorities or obligations cause a conflict for an individual or organization, potentially leading to ethical dilemmas.

Perfected

In legal terms, it refers to a state where an interest (such as a lien or security interest) is made legally enforceable and established in a manner that it has priority over the claims of others.

Collateral

Assets that are pledged as security for the repayment of a loan.

Debtor Defaults

Occurs when a debtor fails to meet the obligations of a loan or financial agreement.