When an Entrepreneur Makes a Scheduled Payment on a Conventional

question 28

Multiple Choice

When an entrepreneur makes a scheduled payment on a conventional loan ________.

• A) Part of it goes to principal and part goes to interest
• B) All of it goes to principal (balance sheet)
• C) All of it goes to interest (income statement)
• D) Part of it pays penalties
• E) None of the above

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Definitions:

Shingles

A viral infection caused by the varicella-zoster virus, leading to a painful rash, usually on one side of the body or face.

Cornea

A transparent area on the front of the outer layer of the eye that acts as a window to let light into the eye.

Pupil

The opening at the center of the iris, which grows smaller or larger as the iris contracts or relaxes, respectively; it regulates the amount of light that enters the eye.

Lens

A clear, circular disc located in the eye, just posterior to the iris, that can change shape to help the eye focus images of objects that are near or far away.