Match the Definition with Its Term

question 127

Multiple Choice

Match the definition with its term.
-An SBA loan program that provides long-term financing for small businesses to acquire real estate or machinery and equipment

• A)7(a) Loan Guaranty Program
• B)7(m) Microloan Program
• C)Certified Development Company (CDC) 504 Loan Program
• D)community-based financial institution
• E)formal venture capitalists
• F)informal venture capital
• G)loan covenants
• H)Small Business Innovative Research (SBIR) Program
• I)small business investment companies (SBICs)

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Definitions:

Excise Tax

A tax applied specifically on the sale of certain goods, services, or activities, which is often included in the price of the product.

Elasticity of Labor Supply

The responsiveness of the quantity of labor that workers are willing and able to provide to a change in the wage rate.

Wages

Payments made to workers for their labor, typically calculated on an hourly, daily, or piecework basis.

Quantity of Labor

The total number of labor hours employed or the total number of workers employed in the production of goods and services.