Which of the Following Is True of Small Business Administration

question 60

Multiple Choice

Which of the following is true of Small Business Administration (SBA) ?

• A) It involves no explicit obligation or expectation, on the part of the investors, to be repaid their investment.
• B) It represents a legal obligation to repay the original debt plus interest.
• C) It involves pledging some assets-such as a home, real estate, machinery, and plant-as collateral.
• D) It specifies the amount of money to be repaid within a specific time frame for a specific interest rate.
• E) It guarantees a portion of the loan to its partners that include private lenders, microlending institutions, and community development organizations.

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Definitions:

Pre-Existing Health Problems

Health issues or conditions that were present before obtaining a new health insurance policy or entering a health treatment program.

Price Elasticity

A measure of the sensitivity of the quantity demanded or supplied of a good to a change in its price.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of consumers to price changes.