Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Give this quiz to my class
Q 1/30
Score 0
Entrepreneurs are the backbone of American Economy
120
False
True
Q 2/30
Score 0
A person who follows his or her dreams by assuming risk of starting a new business is a(n)
120
angel
private investor
venture capitalist
entrepreneur
30 questions
Q.
Entrepreneurs are the backbone of American Economy
1
120 sec
Q.
A person who follows his or her dreams by assuming risk of starting a new business is a(n)
2
120 sec
Q.
Money used to expand a business comes out of
3
120 sec
Q.
A home equity loan is an example of private financing
4
120 sec
Q.
Most financial institutions require that consumer loans be secured by collateral
5
120 sec
Q.
What is the highest percentage of market value a home equity loan will provide
6
120 sec
Q.
A home equity loan is an example of
7
120 sec
Q.
The Angel Capital Electronic Network is a Web site that lists small businesses looking for investors.
8
120 sec
Q.
For unexpected costs, businesses often use
9
120 sec
Q.
Comments from creditors are helpful to a bank when assessing a would be borrer's
10
120 sec
Q.
Less paperwork and a shorter response time are advantages of applying for a loan through the
11
120 sec
Q.
A disadvantage of funding a business with a business credit card is
12
120 sec
Q.
Which source of funding expects to have a MAJOR voice in a business's decision
13
120 sec
Q.
Which of the five Cs of credit refers to your business's ability to repay the loan on time?
14
120 sec
Q.
Borrowing money from a bank to finance a new or ongoing business
15
120 sec
Q.
Money borrowed from friends or family
16
120 sec
Q.
A company that provides private funding for small businesses that need a substantial amount of immediate cash
17
120 sec
Q.
An arrangement in which bank customers can borrow a certain amount of money from the bank immediately
18
120 sec
Q.
A firm that provides secured loans to businesses for short term financing
19
120 sec
Q.
Payroll expenses are part of start up costs
20
120 sec
Q.
A short term commercial loan is usually for a period of 60 months
21
120 sec
Q.
A friend of an entrepreneur who provides funding to a new business is a private investor
22
120 sec
Q.
A commercial finance company provides private funding for small businesses that need a substantial amount of immediate cash
23
120 sec
Q.
A loan based on the difference between the current market value of a home and the amount still owed on the home
24
120 sec
Q.
A loan that does not require collateral from the borrower
25
120 sec
Q.
The ongoing expense of that a person expects to have to operate the business for the first few months
26
120 sec
Q.
An independent agency of the federal government that offers assistance to people who are starting small businesses and to those who want to expand existing businesses
27
120 sec
Q.
The length of a long term loan is
28
120 sec
Q.
A secure loan requires collateral
29
120 sec
Q.
Which 5Cs of credit describes the purpose of the loan
