Which Is Not a Duty of the Small Business Administration

question 10

Multiple Choice

Which is not a duty of the Small Business Administration?

• A) provide capital and credit to entrepreneurial start-ups
• B) guaranteeing general business loans
• C) provide equity financing for start-ups
• D) help create new jobs in small businesses
• E) help small firms obtain Federal contracts

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Definitions:

Loan

A sum of money borrowed that is expected to be paid back with interest.

Compounded Annually

Interest on an investment is calculated once a year and added to the principle, increasing the amount the interest is calculated on the following year.

Scholarships

Financial aid awards given to students to support their education, typically based on academic achievement, talent, or other criteria.

Compounded Quarterly

The calculation of interest on both the initial principal and accumulated interest over three-month intervals.