
EPF Chapter 6 Sources of Funding
Quiz by Pa'Trice Day Owens
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30 questions
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- Q1Entrepreneurs are the backbone of American EconomyFalseTrue120s
- Q2A person who follows his or her dreams by assuming risk of starting a new business is a(n)angelprivate investorventure capitalistentrepreneur120s
- Q3Money used to expand a business comes out ofoperating coastsstart up costscash flowreserve funds120s
- Q4A home equity loan is an example of private financingFalseTrue120s
- Q5Most financial institutions require that consumer loans be secured by collateralFalseTrue120s
- Q6What is the highest percentage of market value a home equity loan will provide65%20%50%80%120s
- Q7A home equity loan is an example ofunsecured loaninsider fundingpersonal financingcrowd funding120s
- Q8The Angel Capital Electronic Network is a Web site that lists small businesses looking for investors.FalseTrue120s
- Q9For unexpected costs, businesses often useline of credithome equity loaninsider financinglong term commercial loan120s
- Q10Comments from creditors are helpful to a bank when assessing a would be borrer'scapacitycollateralcapitalcharacter120s
- Q11Less paperwork and a shorter response time are advantages of applying for a loan through theFortune 500 companiesLow Documentation ProgramSmall Business Investment CompanyAngel Capital Electronic Network120s
- Q12A disadvantage of funding a business with a business credit card isneed for collateralhigher interest rateslong wait for replyextensive paperwork120s
- Q13Which source of funding expects to have a MAJOR voice in a business's decisionVenture Capital FirmLocal GovernementBankCommercial Finance Company120s
- Q14Which of the five Cs of credit refers to your business's ability to repay the loan on time?CollateralCharacterCapitalCapacity120s
- Q15Borrowing money from a bank to finance a new or ongoing businessSmall Business Administration (SBA)operating costsCommercial debt financinghome equity loan120s