The Maximum Amount That Can Be Borrowed Under an SBA

question 78

Multiple Choice

The maximum amount that can be borrowed under an SBA 7(a) loan is:

• A)$750,000
• B)$1,000,000
• C)$1,500,000
• D)$5,000,000

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Definitions:

Mechanistic Design

A structure within an organization that is highly formalized and centralized, focusing on efficiency and predictability through standardized procedures and roles.

Division of Labour

An organizational principle wherein tasks are subdivided into small, specialized jobs to increase productivity and efficiency.

Decentralized Authority

A system of management where decision-making power is distributed throughout various levels of the organization, rather than being concentrated at a central point.

Formal Rules

Officially established guidelines and procedures that are designed to govern behavior, processes, or operations within an organization.