Some Suggestions for Maintaining Family Relationships and Friendships When Borrowing

question 59

Multiple Choice

Some suggestions for maintaining family relationships and friendships when borrowing for a business are:

• A)Keep the arrangement strictly family.
• B)Borrow as much as you can.
• C)Oral contract as good as written contract.
• D)Treat the money as "bridge financing."

---

Definitions:

Governments

Organized systems that establish and enforce laws and policies, typically controlling a state, country, or community.

Career Planning

The ongoing process of managing one's work life, including setting career goals and designing a path towards them.

Long-Term Goals

Objectives or targets that an individual, group, or organization aims to achieve over an extended period, typically exceeding one year.

Short-Term Goals

Objectives intended to be achieved in a relatively short period, typically less than one year.