Mort 202 Grande MOD 1 Exam Questions
and Answers
Small Business Administration (SBA) - ANSWER-- the principal government agency concerned with
the financing, operation, and management of small
businesses
Corporate refugee - ANSWER-- those individuals who flee the bureaucratic environment of bi...
new idea that projects marketing, operational, and financial
aspects of a proposed business
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
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