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Financing a new business

Quiz by Kel Jackson

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14 questions
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  • Q1
    What 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
  • Q2
    What does ROI stand for in the context of business financing?
    Rate of Interest
    Return on Investment
    Risk of Investment
    30s
  • Q3
    What 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
  • Q4
    What are the THREE F'S of entrepreneurship?
    Family, Funds, Friends
    Feet, Food, Fools
    Friends, family, fools
    Football, Fishing, Friends
    30s
  • Q5
    What 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
  • Q6
    What 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
  • Q7
    What 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
  • Q8
    What 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
  • Q9
    When should you start to build a relationship with a bank officer?
    When you create a financial statement
    When 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
  • Q10
    What 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

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