In Order to Qualify for a Microloan from the SBA

question 61

True/False

In order to qualify for a microloan from the SBA, an entrepreneur must have adequate collateral and a proven track record of success.

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Definitions:

Bedwetting

A condition often seen in children, where involuntary urination occurs during sleep, also known as nocturnal enuresis.

Insight Learning

A form of cognitive learning where problem-solving occurs by means of a sudden reorganization of perceptions, leading to the solution without trial-and-error behavior.

Tolman

Edward Chace Tolman was an American psychologist who made significant contributions to the studies of learning and motivation, known for his cognitive behaviorist theory.

Relatively Permanent

Describes something that is long-lasting and stable over time, but not necessarily unchangeable.