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16 Cards in this Set
- Front
- Back
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Each year the government spends millions
of dollars on medical research. This is an example of the government’s role as a: |
Provider of social programs.
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Under which form of business ownership
do owners have limited liability? |
Corporation
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When seeking a loan, an entrepreneur who
has capacity: |
Demonstrates the ability to repay the
debt. |
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One advantage of entering into a
partnership with people or with other companies having compatible goods is that a partnership: |
Increases the borrowing power of the
business. |
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A local agency which is a good resource for
agricultural businesses is the: |
County Extension Service.
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Ability and willingness to invest personally
in a business venture satisfies the credit requirement for: |
Capital.
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The federal agency which provides
assistance and advice on how small businesses can increase revenues and profits is the: |
SBA.
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A federal agency that provides grants to
cities for loans to private developers to help improve impoverished areas is |
HUD
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Law firms and medical firms generally
choose which form of incorporation? |
Limited Liability Company
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What is trade credit?
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A form of short-term financing from
within the industry |
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OSHA inspects factories to ensure safe
working conditions for employees. This illustrates the government’s role as a |
Regulator.
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A source of funding that requires money
borrowed to be paid back with interest is referred to as |
Debt.
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What state agency issues permits to day
care centers? |
State Department of Agriculture
Consumer Protection Division |
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Which federal agency provides social and
economic statistics to small businesses? |
Department of Commerce
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A government agency that uses a
commercial bank to make loans to businesses and then guarantees up to 90% of the loan if the business fails is the |
SBA.
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Which state agency provides businesses
with information regarding employer responsibilities in relation to unemployment insurance? |
State Department of Labor
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