Steve Wilson, a chef at a major restaurant in San Francisco, wants to start his own restaurant. He surveys the market, finds a suitable location, and calculates how much money he will need to lease the building and purchase the necessary equipment and supplies. Steve visits his banker and requests a loan. The money Steve will receive from the loan and the resources he will purchase with it are known as
A) capital.
B) profit.
C) revenue.
D) collateral.
E) stock.

Question

Quizplus · Accepted Answer

The money that Steve will receive from the loan and the resources he will purchase with it are known as capital, which is the money or assets that a business uses to finance its operations and growth.

Steve Wilson, a Chef at a Major Restaurant in San