placeholder image to represent content

EPF Chapter 6 Sources of Funding

Quiz by Pa'Trice Day Owens

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
30 questions
Show answers
  • Q1
    Entrepreneurs are the backbone of American Economy
    False
    True
    120s
  • Q2
    A person who follows his or her dreams by assuming risk of starting a new business is a(n)
    angel
    private investor
    venture capitalist
    entrepreneur
    120s
  • Q3
    Money used to expand a business comes out of
    operating coasts
    start up costs
    cash flow
    reserve funds
    120s
  • Q4
    A home equity loan is an example of private financing
    False
    True
    120s
  • Q5
    Most financial institutions require that consumer loans be secured by collateral
    False
    True
    120s
  • Q6
    What is the highest percentage of market value a home equity loan will provide
    65%
    20%
    50%
    80%
    120s
  • Q7
    A home equity loan is an example of
    unsecured loan
    insider funding
    personal financing
    crowd funding
    120s
  • Q8
    The Angel Capital Electronic Network is a Web site that lists small businesses looking for investors.
    False
    True
    120s
  • Q9
    For unexpected costs, businesses often use
    line of credit
    home equity loan
    insider financing
    long term commercial loan
    120s
  • Q10
    Comments from creditors are helpful to a bank when assessing a would be borrer's
    capacity
    collateral
    capital
    character
    120s
  • Q11
    Less paperwork and a shorter response time are advantages of applying for a loan through the
    Fortune 500 companies
    Low Documentation Program
    Small Business Investment Company
    Angel Capital Electronic Network
    120s
  • Q12
    A disadvantage of funding a business with a business credit card is
    need for collateral
    higher interest rates
    long wait for reply
    extensive paperwork
    120s
  • Q13
    Which source of funding expects to have a MAJOR voice in a business's decision
    Venture Capital Firm
    Local Governement
    Bank
    Commercial Finance Company
    120s
  • Q14
    Which of the five Cs of credit refers to your business's ability to repay the loan on time?
    Collateral
    Character
    Capital
    Capacity
    120s
  • Q15
    Borrowing money from a bank to finance a new or ongoing business
    Small Business Administration (SBA)
    operating costs
    Commercial debt financing
    home equity loan
    120s

Teachers give this quiz to your class