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Financial Aspects of Business questions with verified answers
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Financial Aspects of Business questions with verified answers
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Financial Aspects of BusinessColin is borrowing money from his uncle to start his business. In order to help avoid misunderstandings
regarding the loan, Colin should do which of the following - correct answer ✔✔Put all agreements in
writing
Which of the following are the largest lending agencies in the United States? - correct answer ✔✔Banks
Which of the following best describes capital? - correct answer ✔✔The monetary funds invested in a
project
Which of the following is a disadvantage of equity capital? - correct answer ✔✔You must contend with
the investor as a co-owner of the business
Which of the following best describes a credit union? - correct answer ✔✔A members-only cooperative
created by labor unions or groups of employees
Some businesses avoid risks by doing which of the following? - correct answer ✔✔Considering market
research
Which of the following is NOT a type of business risk? - correct answer ✔✔Routine risk
Which type of risks occur from fluctuations in business conditions? - correct answer ✔✔Economic risks
Employee screening and training are considered which method of handling risk? - correct answer
✔✔Risk prevention and control
Which of the following is TRUE of external theft? - correct answer ✔✔It is the costliest human risk to
businesses
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