Mort 202 Grande MOD 1 Study Guide with Complete Solutions
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Course
Mort 202
Institution
Mort 202
Mort 202 Grande MOD 1 Study Guide
with Complete Solutions
Small Business Administration (SBA) - Answer️️ -- the principal
government agency concerned with the financing, operation, and
management of small
businesses
Corporate refugee - Answer️️ -- those individuals who flee the
burea...
Quantitative criteria - Answer✔️✔️-a. Number of employees
b. Dollar sales volume
Qualitative criteria - Answer✔️✔️-a. Actively managed by its owner(s)
b. Highly personalized
c. Largely local in its area of operations
d. Largely dependent on internal sources of capital to finance its
growth
Finance - Answer✔️✔️-- the business function of effectively obtaining
and using funds
Rate - Answer✔️✔️-- the annual percentage rate used to compute
interest
Interest - Answer✔️✔️-- money paid for the use of money
Manufacturing business - Answer✔️✔️-- a business that makes
finished goods from raw materials by hand or machinery
Merchandising business - Answer✔️✔️-- a business that purchases
finished
goods for resale
Service business - Answer✔️✔️-- a business that provides a service
as opposed to
2
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