The Partnering for Success Feature in Chapter 10 Provides Advice

question 1

Multiple Choice

The Partnering for Success feature in Chapter 10 provides advice for navigating the tricky process of raising money. The main piece of advice given in the feature is to:

• A) rely on an SBDC or SCORE counselor
• B) find a mentor
• C) get a referral from a banker or attorney
• D) read entrepreneurship-focused books and magazines for advice
• E) attend workshops sponsored by your local library, Chamber of Commerce, or Business Development Association

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Definitions:

Invested

The act of allocating resources, usually money, into something to earn a return or profit.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage.

Period

A specified duration of time characterized by particular events, conditions, or phenomena.

Interest

The expense associated with taking out a loan, usually shown as a percentage of the total amount loaned.