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Question 22.Name two additional expenses that should considered for inclusion in the start-up budget.
Question 33.Which parties typically request and research the start-up budget?
Question 44.What is a benefit of working with an angel investor?
Question 55.What is an angel investor?
Question 66.What is a risk of working with an angel investor?
Question 77.Which type of funding source involves 'thinking outside the box' and trading goods and services to get the resources an entrepreneur needs for his or her business?
Question 88.Which of the following funding sources is an agency of the United States government?
Question 99.Which type of funding source is primarily interested in backing businesses that have a high growth potential?
Question 1010.Which of the following is TRUE of asset-based loan product lenders?
Question 1111.Which of the following is a common use for the proceeds of asset-based lending?
Question 1212.Which of the following is an example of a form of asset-based lending?
Question 1313.What are the two methods of bootstrapping?
Question 1414.Which are types of bootstrapping?
Question 1515.What is bootstrapping used for?
Question 1616.Kevin is an investment banker who wants to wine and dine with prospective clients. He may not have all of the cash he requires to pay. Why should he use a credit card?
Question 1717.Which type of credit involves the bank allowing a borrower to borrow money on an as needed basis up to a preset maximum?
Question 1818.Barry takes out a 12 month loan from a bank to buy some new office equipment. The bank requires that Barry put up the equipment he is purchasing as collateral. What type of credit arrangement is involved?
Question 1919.What type of financing involves investors becoming creditors?
Question 2020.Which of the following BEST defines long-term financing?
Question 2121.John is the owner of a small IT company. In exchange for a financial investment, he gave his friend Katerina 10% of the company. This is an example of what type of financing?
Question 2222.After allocating the resources, a company CEO is trying to control and monitor the acquisition, allocation and utilization of the financial resources. Should the CEO even perform financial control?
Question 2323.Financial planning can best be defined as a process for making sure that _____.
Question 2424.Tom works in accounting, and he has to prepare a budget that will take into account all of the activities of the company. There will be a strong investment from the acquisitions department that will impact their budget but is worth less than 2% of the company's value. Should Tom wait for a new report from the acquisition's department?
Question 2525.Which of the following might NOT be included in a start-up budget?
Question 2626.What is one way angel investors vary from venture capitalists?
Question 2727.Which of the following funding sources is most likely to allow an entrepreneur to retain total personal control over his or her business?
Question 2828.Which of the following is typically an acceptable asset used to guarantee an asset-based loan?
Question 2929.When is bootstrapping used?
Question 3030.Why might a business choose trade credit over other forms of short-term financing?
Small Business Financing Chapter Exam Instructions
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