Reference no: EM132249760
1. Which of the following factors of the CAMPARI approach refers to demonstrating a firm's ability to repay both the interest and the principal?
Place
Purpose
Character
Alliance
Repayment
2. Trade credit involves:
no explicit obligation or expectation, on the part of the investors, to be repaid their investment.
purchasing supplies or equipment through financing made available by vendors.
pledging some assets-such as a home, real estate, machinery, and plant-as collateral.
guaranteeing a portion of the loan to partners that include private lenders, microlending institutions, and community development organizations.
business plan competitions hosted by colleges and universities or small business associations.
3. Which of the following SBA loan programs aids companies negatively impacted by the North American Free Trade Agreement (NAFTA)?
Express and pilot program
Special-purpose loans program
Community express program
Export working capital program
Export express program
4. The S-corporation is:
a business composed of two or more owners who contribute the initial capital of the business and share in the profits and any losses.
a business that may have several general partners and several more limited partners who do not have unlimited liability.
a legal entity that must be chartered by the state in which it is headquartered, giving it the authority to enter into legal agreements with individuals and other corporations.
a special format that sets its limit to a hundred shareholders, although it can be created with just one shareholder.
an organizational form that can be limited to a single individual or several other owners or shareholders.