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Rainbow [258]
3 years ago
12

Lois wants to start an art gallery. However, because of lack of adequate funds, she decides to borrow money from a bank. The ban

k is hesitant to give money to Lois because it cannot verify whether her business would be able to earn enough profit to repay the borrowed amount within the stipulated period. However, after a thorough research, the bank grants her the money. In the given scenario, Lois uses _____ to fund her business.
A. crowdfundingB. a loanC. venture capitalD. a credit card
Business
1 answer:
IRINA_888 [86]3 years ago
8 0

Answer: Loan

Explanation: In simple words, loan refers to lending of money by one entity or a group of entities to some other party. The individual or organisation taking the loan have to repay it in installments in a specified period. The installment repaid is a sum of principal and the interest charged.

In the given case, Lois borrowed money from a bank and is liable to repay that loan within a specified time period.

Hence from the above we can conclude that the correct option is B.

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8 0
3 years ago
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Nuetrik [128]

Answer: Please refer to Explanation.

Explanation:

1. Honesty.

State the purpose of your call to the secretary and sell your product. For instance, " Hello, my name is Mr. Petal and I represent a fast rising Paper and Metal Container company. After researching about your company, I felt it most expedient to get in touch with Mr. Firestone as I believe this is business he will be interested in. We offer perks that are unmatched in the industry".

2. Persistence.

You can be persistent on the phone if you detect deceit in the secretary's tone.

For instance,

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4 0
2 years ago
After the stomach food passes through
Angelina_Jolie [31]

Answer:

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Explanation:

5 0
2 years ago
James would like to deposit enough money in a savings account to have $8,000 at the end of year 3. Assuming the investment will
faltersainse [42]

Answer:

  $6910.70

Explanation:

At the end of each year, the account balance will be 1.05 times the value at the beginning of the year. Thus, at the end of year 3, the value is 1.05^3 times the original value.

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James should deposit $6910.70 today.

7 0
3 years ago
"Tourism sector has become a good source of earning foreign currency in Nepal"Justify this statement with examples
olchik [2.2K]

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Tourism has become one of the main income sources for many developing countries like Nepal. Nepal has great potential to become a top destination for tourists as the nation is famous for its snowcapped mountains, abundant flora and fauna, exciting trekking routes and rich cultural and religious diversity.

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