Which of the Following Statements Is Incorrect

question 44

Multiple Choice

Which of the following statements is incorrect?

• A) The SBA can guarantee up to $3.75 million at an interest rate not to exceed 2.75 percent more than the prime lending rate.
• B) The primary function of the SBA is to guarantee loans made to new and small businesses.
• C) For qualified new and small firms that are unable to obtain long-term financing on reasonable terms from banks or other financial institutions, the SBA offers a basic loan guarantee program.
• D) All of the statements are correct.

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Definitions:

Relationship Repair

The actions taken to address issues, misunderstandings, or conflicts in a relation in order to restore positive connection and understanding.

Indirect Format

A communication method that does not state the main point directly at the beginning, often used to soften the message or build context.

Responsibility

The obligation to carry out duties or tasks assigned to one's role or position, often with an ethical component.

Internal Announcement

A communication distributed within an organization, typically concerning policy changes, staff updates, or other internal matters.