Exam 12: A Firms Sources of Financing

To retain control over his business, an entrepreneur should seek initially to secure _____ financing.

Return on equity is equal to

One potential problem with acquiring funds from friends and relatives is that they might feel that they have the right to interfere in the management of the business.

Typical venture capitalists invest approximately _____ of their investment in later-stage businesses.

Describe four different loan covenants that a bank may impose on a loan

Small Business Administration loans include guaranty loans and loans directly from the SBA.