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Questions and Answers
The author believes that loans are similar to ______.
False
Continuous communication between the lender and the borrower is created by loans.
True
Entrepreneurs prioritize community support alongside financial resources.
True
A significant amount of small business funding in the U.S. comes from venture capitalists.
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Asking for financial help from friends and family is always straightforward.
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Study Notes
Loans and Donations
- Loans are not similar to donations.
Communication Importance
- Loans facilitate regular communication between lenders and borrowers.
Entrepreneurial Support
- Entrepreneurs value community support alongside financial resources.
Small Business Funding Sources
- Venture capitalists are not the primary source of funding for U.S. small businesses.
- Friends and family contribute approximately 85% of small business funding.
Asking for Support
- Seeking financial support from friends and family can be complex and challenging.
Social Networks
- Social networks can effectively build supportive communities.
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Description
This quiz explores the distinctions between loans and donations, highlighting the importance of communication in financial relationships. It also examines the role of community support and social networks for entrepreneurs and small businesses. Test your knowledge on funding sources and the dynamics of seeking financial assistance from family and friends.
