Financing a new business
Quiz by Kel Jackson
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- Q1What is an investor?Someone who assess the profitability of a business.Someone who believes in your idea enough to put money into it!Someone who determines the market share of a business!30s
- Q2What does ROI stand for in the context of business financing?Rate of InterestReturn on InvestmentRisk of Investment30s
- Q3What is the purpose of a business plan?To analyze market trends and competition.To outline the goals and strategies of a new business.To manage the daily operations of a business.30s
- Q4What are the THREE F'S of entrepreneurship?Family, Funds, FriendsFeet, Food, FoolsFriends, family, foolsFootball, Fishing, Friends30s
- Q5What is the purpose of a business credit score?To calculate the value of a business.To assess the creditworthiness of a business.To track the profitability of a business.30s
- Q6What is important when asking friends or family for investment $?Equity financing is someothing family is always willing to help with.Be H0NEST and don't ask for more than someone can afford to lose!Debt financing involves selling ownership in the business,Don't ask for money that you don't have yourself!30s
- Q7What is a business angel?A government agency that provides grants to businesses.An individual investor who provides capital and guidance to startups.An angelic being that blesses businesses with good fortune.30s
- Q8What is a business loan?A payment made by a company to its employees for their work.A sum of money provided by investors in exchange for ownership in a business.A sum of money provided by a lender to a business with the expectation of repayment, usually with interest.30s
- Q9When should you start to build a relationship with a bank officer?When you create a financial statementWhen you open your business bank account! You should let them know what your plans and goals are.When you purchase an insurance policy that protects businesses against financial losses.30s
- Q10What is a VENTURE CAPITALIST?An adventure loan provided by a banker to finance the establishment of a new business.A government program that provides financial assistance to small businesses.Someone who invests in start up companies. They often invest MORE than business angels.30s
- Q11
Which of the following best defines: Apprenticeship
a professional learning experience that offers meaningful, practical work related to a student's field of study or career interest
someone who goes on to a tv show to get fired
an arrangement in which someone learns an art, trade, or job under another
an arrangement in which someone sells art or teaches someone a trade
30s - Q12
Which of the following best describes an internship ?
a professional learning experience that offers meaningful, practical work related to a student's field of study or career interest
Someone who works for the president and takes notes and makes him coffee
when someone works under someone and learns an art or trade such as becoming a blacksmith or welder
It's a work position that is inside rather than outside related to a student's field of study or career interest.
30s - Q13
WHICH OF THE FOLLOWING GROUPS WOULD BE A CAREER CLUSTER?
Audio/Video Technology, and Driver's ed
Agriculture, Band, Food Service, and Nursing
Law, Public Safety, Corrections, and Security;
Calculus, Spanish, and World Geography
30s - Q14
What best defines NETWORKING
Looking up a job on line in order to attain a great paying career
interacting with others to exchange information and develop professional or social contacts.
Handing out resume's at the mall
taking your vehicle to an autobody shop and speaking to the mechanic about opportunities
30s