Which of the Following Statements Is Incorrect

question 74

Multiple Choice

Which of the following statements is incorrect?

• A)The SBA can guarantee up to $750,000 at an interest rate not to exceed 2.75 percent more than the prime lending rate.
• B)The primary function of the SBA is to guarantee loans made to new and small businesses.
• C)For qualified new and small firms that are unable to obtain long-term financing on reasonable terms from banks or other financial institutions, the SBA offers a basic loan guarantee program.
• D)All of the statements are correct.

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Definitions:

Well-Ordered Society

A society that is structured and organized in such a way that it promotes the welfare and justice for all its members.

Government Power

The official authority and control exercised by the governing bodies of a state, encompassing all its mechanisms and actions.

Rational Behavior

Decision-making processes that are logical and based on weighing the benefits and costs of various options.

Goal-Oriented Behavior

A pattern of behavior driven by the pursuit of specific objectives or desired outcomes, often characterized by focused effort and planning.