Exam (elaborations)
Financial Aspects of Business questions with verified answers
- Course
- Institution
Financial Aspects of Business questions with verified answers
[Show more]
Content preview
Financial Aspects of BusinessColin is borrowing money from his uncle to start his business. In order to help avoid misunderstandings
regarding the loan, Colin should do which of the following - correct answer ✔✔Put all agreements in
writing
Which of the following are the largest lending agencies in the United States? - correct answer ✔✔Banks
Which of the following best describes capital? - correct answer ✔✔The monetary funds invested in a
project
Which of the following is a disadvantage of equity capital? - correct answer ✔✔You must contend with
the investor as a co-owner of the business
Which of the following best describes a credit union? - correct answer ✔✔A members-only cooperative
created by labor unions or groups of employees
Some businesses avoid risks by doing which of the following? - correct answer ✔✔Considering market
research
Which of the following is NOT a type of business risk? - correct answer ✔✔Routine risk
Which type of risks occur from fluctuations in business conditions? - correct answer ✔✔Economic risks
Employee screening and training are considered which method of handling risk? - correct answer
✔✔Risk prevention and control
Which of the following is TRUE of external theft? - correct answer ✔✔It is the costliest human risk to
businesses
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now