What Businesses Typically Need a Personal Guarantee in Order to Receive

question 40

Multiple Choice

What businesses typically need a personal guarantee in order to receive a loan?

• A) large businesses
• B) small businesses
• C) almost all businesses
• D) businesses do not need personal guarantees

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Definitions:

Consultant's Fee

The amount charged by a consultant for their professional advice or services.

Computer Equipment

Tangible assets related to computers and technology used in the operational activities of a business, such as servers, desktops, and peripherals.

Capital Expenditures

Investments in physical assets like property, plant, and equipment, which are expected to improve a company’s future productive capacity.

Operating Efficiency

A metric that indicates the ratio of output gained to the input expended in the business process.