Sofia Recently Applied for a Microloan from the Small Business

question 135

Multiple Choice

Sofia recently applied for a microloan from the Small Business Administration. Although several conditions are important, the SBA's decision to grant or deny the loan will largely depend upon

• A) her credit history and the collateral she can offer.
• B) her age, since microloans are only available to senior citizens.
• C) her previous record of business success.
• D) the soundness of her business plan, and her integrity.

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Definitions:

Technical Specifications

Detailed information provided by a manufacturer or developer regarding the technical aspects and functionalities of a product or system.

Buying Center

A group of individuals within an organization who are involved in the process of evaluating and making purchasing decisions.

Evaluating Options

The process of analyzing and comparing different choices in order to make a decision or solve a problem.

Individual Differences

Variations among individuals in their behavior, cognition, personality, and other attributes, which distinguish one person from another.