Borrowing from Family and Friends Is a Common Source of Debt

question 28

True/False

Borrowing from family and friends is a common source of debt financing for a start-up business.

---

Definitions:

Looking For Work

The process engaged in by individuals who are actively seeking employment opportunities but are currently unemployed.

Poverty Line

The minimum level of income deemed adequate in a particular country for individuals to cover basic needs of living.

Welfare Rolls

A term referring to the list or number of individuals receiving government assistance for living expenses due to economic hardship.

Welfare Reform Law

Legislation aimed at changing the way welfare services are delivered, often intended to reduce dependency and incentivize employment.