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Mort 202 Grande MOD 1 Exam Questions and Answers

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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...

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  • October 30, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Practice Tests 2024
  • Practice Tests 2024
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©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




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 big

business by going into


business for themselves


Small Business - ANSWER✔✔-a business which is independently owned


and operated and is not dominant in its field of operations


Business - - ANSWER✔✔-an organization that combines inputs of raw


materials, capital, labor, and management skills to produce useful outputs of goods and services so as to

earn a profit


Business plan (new venture plan) - - ANSWER✔✔-a written description of a

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, ©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




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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