Ben left the corporate rat race to start his own business that will allow him to earn a small income while providing plenty of time to pursue his love of pottery making. he does not expect either growth or high profits. ben’s prospects for attracting outside financing

Limited Finance.

Explanation:

Resource Reduced. Definition of a loan guaranteed by up to a certain amount. A loan on which one-third of the balance is guaranteed or collateralize, for example, is reduced recourse debt.

Short-term lending is somewhat more aggressive than long-term funding, but it also appears to be less expensive and give the investor greater flexibility. Both the rising and lower uncertainties are attributed to future potential increases in interest rates.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

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