(there are 5 questions)

question 1: when determining your business’s initial cash needs, you should determine how much money you’ll need to live on for the first your business’s operations?

a): 1 to 3 months

b): 1 to 6 months

c): 6 to 12 months

question 2: one of the biggest dangers of borrowing from people you know is their potential

a): flexibility

b): reneging on the money

c): ulterior motives

question 3: what type of loan uses real estate for security?

a): a point sale

b): a line of credit

c): a second mortgage

question 4: which of the following documents will a bank issue in order to secure a loan with your personal assets?

a): guarantee and safety agreement

b): promissory note

c): 1099 form

question 5: adriana has borrowed $30,000 from her ira in order to fund her startup cost. how long does she have to replace the money without incurring a 10% premature withdrawal fee?

a): 60 days

b): 90 days

c): 120 days