2024 – Question 1 2 out of 2 points When a small business is refused a

Question 1

2 out of 2 points

When a small business is refused a loan because it is not profitable and deemed a poor credit risk, the owner can usually turn to ________ as a source of short-term funds.

Question 2

2 out of 2 points

The SBA’s ________ program offers short-term capital to growing companies seeking to finance seasonal buildups in inventory or accounts receivable.

Question 3

2 out of 2 points

The ________ loan is based not on creditworthiness, but on the borrower’s reputation and

Question 4

2 out of 2 points

SBICs:

Question 5

2 out of 2 points

The most common form of secured credit is:

Question 6

2 out of 2 points

Insurance companies typically make two types of loans:

Question 7

2 out of 2 points

The most common method used by commercial finance companies to provide credit to small businesses is:

Question 8

2 out of 2 points

A ________ is an agreement with a bank that allows a small business to borrow up to a predetermined specified amount during the year without making an application each time.

Question 9

2 out of 2 points

Typically, a minimum loan amount from a Savings & Loan is:

Question 10

2 out of 2 points

The most common method of SBIC financing is the:

Question 11

2 out of 2 points

Savings and loan associations typically specialize in loans for:

Question 12

2 out of 2 points

________ were created by the SBA in 1992 to provide loans under $35,000 that are normally shunned by banks.

Question 13

2 out of 2 points

A loan from a stockbroker, based on the stocks and bonds in the customer’s portfolio:

Question 14

2 out of 2 points

Asset-based borrowing permits small businesses:

Question 15

2 out of 2 points

A(n) ________ is a private nonprofit financial institution that will make small loans to its members for the purpose of starting a business.

Question 16

2 out of 2 points

The Americans with Disabilities Act of 1990 requires that:

Question 17

2 out of 2 points

The value of the floor space in a retail store depends upon:

Question 18

2 out of 2 points

The manufacturing layout that groups workers and equipment according to the general function performed, and that works best with short production runs or when there are considerable variations in the finished product, is called:

Question 19

2 out of 2 points

A(n) ________ layout divides a store into a series of individual shopping areas, each with its own theme. This layout can create a distinctive image for a business.

Question 20

2 out of 2 points

Generally speaking, the one location that most small businesses have difficulty surviving in and therefore should avoid is:

Question 21

2 out of 2 points

Approximately ________ of a store’s customers will go more than halfway into the store.

Question 22

2 out of 2 points

A(n) ________ layout arranges displays in a rectangular fashion with parallel aisle. It is a formal layout that controls the traffic flow through the store.

Question 23

2 out of 2 points

A(n) ________ layout has the advantage of creating a relaxed, friendly shopping atmosphere encouraging shoppers to linger and increasing the number of impulse purchases.

Question 24

2 out of 2 points

The manufacturing layout that arranges workers and equipment according to sequence of operation and is best suited for highly standardized or mass-produced products is called:

Question 25

2 out of 2 points

The area from which a small business expects to draw customers over a reasonable time span is its:

Question 26

2 out of 2 points

An interstate trucking firm would be most concerned with which selection criterion at the state level?

Question 27

2 out of 2 points

Incubator facilities are established in order to:

Question 28

2 out of 2 points

A major factor that could increase the wage rate in an area would be:

Unions

Question 29

2 out of 2 points

The ________ serves a large trading area (10 to 15 miles or more), contains from 50 to 100 stores, and has several major department stores as its anchors.

Question 30

2 out of 2 points

Some cities develop ________ in cooperation with private industry for the benefit of manufacturers.