If You Are a Small Business Owner Looking for a Loan

question 50

Multiple Choice

If you are a small business owner looking for a loan, a bank will expect you to ________.

• A) Personally guarantee that you will be responsible for the business loan
• B) Incorporate in order to maximize cash flow
• C) Find equity investors to spread the bank's risk
• D) Incorporate in order to avoid taxation
• E) All of the above

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Definitions:

Transportation Infrastructure

The physical and organizational frameworks that support the movement of goods and people, including roads, bridges, ports, and logistics systems.

Operating Decisions

Choices made in the daily operations of a business that affect its efficiency and effectiveness.

Logistical Advantage

The benefit gained by effectively managing the flow of goods, information, and resources in a supply chain, resulting in improved efficiency, reduced costs, or enhanced customer satisfaction.

Dabbawalas

A highly efficient and organized lunchbox delivery and return system primarily operating in Mumbai, India, involving the collection of home-cooked meals from customers' residences and delivering them to their workplace.