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The ________ Program Is a Competitive Grant Program That Provides

question 14

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The ________ Program is a competitive grant program that provides over $2.5 billion per year to small businesses for early-state and development projects.


Definitions:

No-liability

A type of company structure where shareholders are not obliged to contribute additional equity to cover company debts in case of insolvency.

Limited by Guarantee

A form of incorporation used primarily by non-profit organizations where the liability of the members is limited to the amount they agree to contribute if the company is wound up.

Equity

The residual interest in the assets of an entity after deducting liabilities, representing ownership interest.

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