A personal net worth and capability statement
A) is noone's business
B) will usually justify borrowing
C) is more descriptive than numeric
D) is similar to a business balance sheet
Correct Answer:
Verified
Q8: The majority of new businesses in Canada
Q9: The informal risk-capital market refers to
A)low risk
Q10: "Burn rate" refers to
A)the rate at which
Q11: a business should provide a lender with
Q12: Trade credit is a form of
A)cost cutting
B)debt
Q14: Choosing a particular lender may be most
Q15: "Collateral" refers to
A)other business being done with
Q16: The start up phase financing period will
Q17: Small business owners sometimes use personal credit
Q18: The type of financing sought is likely
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