In Which of the Following Credit Programs Does the SBA

question 38

Multiple Choice

In which of the following credit programs does the SBA approve and guarantee a not-for-profit Certified Development Company's portion of the debt?

• A) 7a) loan
• B) 504 loan
• C) microloan
• D) venture capital loan
• E) credit card loan

Understand the concept of fiduciary duties and the business judgment rule as it applies to corporate governance.

Comprehend the mechanisms for shareholder meetings and the role of shareholders in calling these meetings.

Be aware of the potential conflicts of interest and how they are addressed within corporate governance.

Grasp the provisions related to the dismissal of directors and officers as well as amendments to current laws affecting corporate procedures.

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Definitions:

Dispute Resolution

The process of resolving a conflict, dispute, or disagreement between parties through negotiation, mediation, arbitration, or legal actions.

Government Bureaucrat

A public official working within the administrative structure of a government, often associated with carrying out policies and decisions.

Suing

The act of bringing a legal action against an individual or entity to enforce a right or seek a remedy for a grievance.

Court

A governmental institution where legal disputes are resolved by a judge or a jury.