Ques 1.A Small Business Investment Company (SBIC) is a(n)
A) agency of the federal government that loans money to high tech firms.
B) private investment company that is licensed by the SBA to make loans to small businesses.
C) private firm that offers loans to small businesses in return for a share of ownership in the firm.
D) agency set up by state governments to provide managerial advice and supportto small businesses.
Ques 2.One of the best places for young entrepreneurs to start shopping for a SBA loan is a(n):
A) Small Business Development Center.
B) financial institution specializing in business loans.
C) college or university financial aid office.
D) the Internet web page of the Venture Capitalists Association.
Ques 3.A ________ refers to people with unsatisfied wants and needs who are willing and able to buy a product or service.A)market B)consumer cooperative C)consumer collective D)buyer’s cooperative.
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