When the Small Business Administration (SBA)assists a Small Business in Applying

question 134

Multiple Choice

When the Small Business Administration (SBA) assists a small business in applying for a major loan,it acts as the lender's ________.

• A)credit union
• B)savings and loan association
• C)guarantor
• D)Bank

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Definitions:

Labor

Refers to the human effort, both physical and mental, used in the production of goods and services.

Output

The amount of goods or services produced by a company, industry, or economy within a certain period.

Revenue

The total income generated by a company or organization from its normal business operations.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, keeping all other inputs constant.