A method of financing that allows the business to withdraw and deposit funds on an ongoing basis as long as the total amount withdrawn, at any point in time, does not exceed the approved amount is called:
A) traditional bank loan.
B) personal guarantee.
C) line of credit.
D) mortgage.
Correct Answer:
Verified
Q1: A common financial problem in a small
Q2: The informal risk-capital market refers to:
A) business
Q4: "Cash is king" refers to the need
Q5: Trade credit is a form of:
A) cost-cutting.
B)
Q6: The majority of new businesses in Canada
Q7: Investors are most likely to want to
Q8: Financing difficulties of small business are often:
A)
Q9: When an entrepreneur solicits small investments and/or
Q10: "Burn rate" refers to:
A) the frequency with
Q11: The start-up phase financing period will generally
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