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Georgia [21]
3 years ago
7

As a current or future business owner, entrepreneurs need to be able to assess collateral in order to secure a possible

Business
1 answer:
amm18123 years ago
3 0

Answer:

True

Explanation:

Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.

If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.

Few, if any, will lend anyone money based on a business idea alone.  Many banks will demand a business proposal to be backed with some guarantee to secure funding.

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Define the term collateral and include two examples​
Scorpion4ik [409]
Collateral is an asset or piece of property that a borrower offers to a lender as security for a loan. ... An example of unsecured lending is a business credit card. Borrowers do not offer collateral when using a credit card. Since the loan is unsecured, credit cards typically carry higher interest rates.
5 0
2 years ago
Which of the following would cause the supply curve to shift to the right?
AnnZ [28]

Answer:

Technology improves production.

Explanation:

Supply refers to the quantity of goods and services produced and offered to the market for sale.

There are several factors that could cause the supply curve to shift to the right, one of which is technology improves production. An improvement in technology will phase out manual or slow process of production hence shifts supply curve to the right.

When government increases tax on a business, if will affect the income that should have accrued to the business hence supply curve inward. An increase in input prices will affect production cost thereby shifting supply to the left. Also when there is a decline in the numbers of consumers, it will shift supply curve inward because it is these consumers that will purchase whatever that is produced and supplied to the market.

5 0
3 years ago
Which of the following is not a potential cause of stagnant economic​ growth?
Alex Ar [27]

Answer: Option D

 

Explanation: In simple words, stagnant economic growth refers to a situation when an economy faces very low or no economic growth for a long period of time.

Generally when an economy faces less than 2 percent economic growth for a period of more than one year, than it will be considered as stagnant economic growth.

Avoidance of protectionist barriers are sometimes implemented to increase exports and decreasing deficit or for protecting the industries that are of high importance. Hence such barriers do not cause hindrance in growth.

4 0
2 years ago
Select True or False.
m_a_m_a [10]

Answer:

False.

Explanation:

Wholesalers are used to sell consumer products.. but not business products.

6 0
2 years ago
Select all that apply. When writing your resume, you must include your _____.
Varvara68 [4.7K]
You should include your name but I cant select all that apply you need to include it. I don't even know if it has name in it.
6 0
2 years ago
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