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question 92

Multiple Choice

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• A)4.0
• B)6.0
• C)7.0
• D)8.0

Identify different types of loans and their characteristics.

Recognize the importance of loan security and the role of collateral.

Explain the process and benefits of obtaining loans through the Small Business Administration (SBA).

Describe various financing options available for small businesses, including equity capital, trade credit, and factoring.

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Definitions:

Self-Absorbed

Preoccupied with one's own feelings, interests, or situations to the extent of overlooking the needs and concerns of others.

External Locus

The belief that one's outcomes in life are determined by external forces or environment rather than personal actions.

Introvert Temperament

A personality trait characterized by a focus on internal feelings rather than external sources of stimulation, often preferring solitary or calm environments.

Middle-Class Values

A set of social and cultural beliefs often associated with the middle class, such as the importance of education, hard work, responsibility, and the pursuit of happiness.