Question 1

Which government agencies help fund the entrepreneur?

Accepted Answer

A) Rotary Club International 
B) Small Business Administration (SB
A)  
C) Internal Revenue Service (IRS) 
D) Securities and Exchange Commission (SE
C)  
E) Minority Business Development Agency (MBD
A)  
A) Rotary Club International 
B) Small Business Administration (SB
A)  
C) Internal Revenue Service (IRS) 
D) Securities and Exchange Commission (SE
C)  
E) Minority Business Development Agency (MBD
A)

Question 2

Trade credit has only been around for a short time and is not very useful to financing resources.

Accepted Answer

A) True 
 B)False

Question 3

Many states offer incentives for entrepreneurs to put roots down and create jobs.

Accepted Answer

A) True 
 B)False

Question 4

What are disadvantages of issuing public stock?

Accepted Answer

A) It makes the firm subject to greater 
B) regulation by the state in which the firm operates. 
C) Not having to comply with the laws of the Security Exchange Commission. 
D) The small business owner lacks sufficient knowledge of the securities market, and the naive small business person may enter into contracts with brokers that may not be in the best interest of the business. 
E) Having to comply with the laws of the Security Exchange Commission.
F) Participating partners must be able to share in the revenues. 
A) It makes the firm subject to greater 
B) regulation by the state in which the firm operates. 
C) Not having to comply with the laws of the Security Exchange Commission. 
D) The small business owner lacks sufficient knowledge of the securities market, and the naive small business person may enter into contracts with brokers that may not be in the best interest of the business. 
E) Having to comply with the laws of the Security Exchange Commission.
F) Participating partners must be able to share in the revenues.

Question 5

Private placements are direct sales of stock positions to private investors without SEC registration and with minimal restrictions.

Accepted Answer

A) True 
 B)False

Question 6

Lack of adequate startup capital is usually irrelevant to the success of a business.

Accepted Answer

A) True 
 B)False

Question 7

Explain seed financing.

Accepted Answer

Seed financing, also known as seed fundi

Question 8

One exception to the entrepreneurial manager not having to come up with their own funding to start a new venture is the spin-off, which must generally be bought from the parent company.

Accepted Answer

A) True 
 B)False

Question 9

Identify the three capital needs questions and discuss how each one is important to a business.

Accepted Answer

The three capital needs questions for a

Question 10

_______ capital is funds to be paid back within a period of five years.

Accepted Answer

A) Intermediate 
B) Short-term 
C) Long-term 
D) Interim 
E) Investment 
A) Intermediate 
B) Short-term 
C) Long-term 
D) Interim 
E) Investment

Question 11

The SBA lends business owners money directly.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following are basic questions the entrepreneur should ask before initiating a search for capital?

Accepted Answer

A) What shape are my personal finances in? 
B) How much capital will I need? 
C) Will my sources be reliable? 
D) What type of capital is required? 
E) Where can I get the funds? 
A) What shape are my personal finances in? 
B) How much capital will I need? 
C) Will my sources be reliable? 
D) What type of capital is required? 
E) Where can I get the funds?

Which government agencies help fund the entrepreneur?

Trade credit has only been around for a short time and is not very useful to financing resources.

Many states offer incentives for entrepreneurs to put roots down and create jobs.

What are disadvantages of issuing public stock?

Private placements are direct sales of stock positions to private investors without SEC registration and with minimal restrictions.

Lack of adequate startup capital is usually irrelevant to the success of a business.

Explain seed financing.

One exception to the entrepreneurial manager not having to come up with their own funding to start a new venture is the spin-off, which must generally be bought from the parent company.

Identify the three capital needs questions and discuss how each one is important to a business.

_______ capital is funds to be paid back within a period of five years.

The SBA lends business owners money directly.

Which of the following are basic questions the entrepreneur should ask before initiating a search for capital?

Whats Entrepreneurship About Do You Want to Start Your Own Business

New Venture Options: Do You Want to Start a New Business, Buy One, Be a Franchisee, or a Corporate or Nonprofit Entrepreneur

What Business How Do You Find Opportunities and Develop a Business Model

How Do You Assess the Chances of Venture Success Feasibility Analysis and Protecting the Business Model Legally

Business Planning: Whats Your Legal Form and Strategy

The Marketing Plan: Who Are Your Customers

The Location and Layout Plan: What Facilities Do You Need

The Operations Plan: How Will You Make the Product

The Human Resource Plan: How Do You Develop the New Venture Team and Employees

The Finance Plan: How Much Money Do You Need

Controls: How Do You Keep the New Venture on Track

Filters

Exam 11: Sources of Funds: Where Do You Get the Money

Which government agencies help fund the entrepreneur?

Trade credit has only been around for a short time and is not very useful to financing resources.

Many states offer incentives for entrepreneurs to put roots down and create jobs.

What are disadvantages of issuing public stock?

Private placements are direct sales of stock positions to private investors without SEC registration and with minimal restrictions.

Lack of adequate startup capital is usually irrelevant to the success of a business.

Explain seed financing.

One exception to the entrepreneurial manager not having to come up with their own funding to start a new venture is the spin-off, which must generally be bought from the parent company.

Identify the three capital needs questions and discuss how each one is important to a business.

_______ capital is funds to be paid back within a period of five years.

The SBA lends business owners money directly.

Which of the following are basic questions the entrepreneur should ask before initiating a search for capital?

Whats Entrepreneurship About Do You Want to Start Your Own Business

New Venture Options: Do You Want to Start a New Business, Buy One, Be a Franchisee, or a Corporate or Nonprofit Entrepreneur

What Business How Do You Find Opportunities and Develop a Business Model

How Do You Assess the Chances of Venture Success Feasibility Analysis and Protecting the Business Model Legally

Business Planning: Whats Your Legal Form and Strategy

The Marketing Plan: Who Are Your Customers

The Location and Layout Plan: What Facilities Do You Need

The Operations Plan: How Will You Make the Product

The Human Resource Plan: How Do You Develop the New Venture Team and Employees

The Finance Plan: How Much Money Do You Need

Controls: How Do You Keep the New Venture on Track

Filters