The Small Business Administration's Microloan Program Awards Loans to Entrepreneurs

question 18

Multiple Choice

The Small Business Administration's microloan program awards loans to entrepreneurs based primarily on their

• A) collateral.
• B) credit history.
• C) previous business success.
• D) integrity and sound business idea.

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Definitions:

Fortune 500

The Fortune 500 is an annual list that ranks the top 500 U.S. corporations by total revenue for their respective fiscal years, serving as an indicator of their size and influence.

Social Networking

The use of dedicated websites and applications to interact with other users or to find people with similar interests to oneself.

Teenagers

Individuals typically aged between 13 and 19 years, undergoing the transition from childhood to adulthood.

Ration Resources

Involves the controlled distribution of scarce resources, goods, or services in order to ensure equitable and efficient use.