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:

Medical Technology

The application of scientific knowledge and resources to improve health, diagnose and treat diseases, and enhance patient care.

Medicare

A federal health insurance program in the United States primarily for people who are 65 or older, as well as for some younger people with disabilities or certain diseases.

Baby Boom Generation

The demographic group born during the post-World War II baby boom, approximately between the years 1946 and 1964, known for its significant impact on the economy, culture, and politics.

Economic Theory

A set of principles and frameworks for understanding how economies operate, encompassing aspects like production, distribution, and consumption of goods and services.