Entrepreneurship Quiz- Finance And Business
9 Questions
| Total Attempts: 364
Entrepreneurship Ideas in Action, 3rd Edition
Questions and Answers
- 1.Which of the following is not a financial statement needed for potential lenders and investors?
- A.
Cash flow statement
- B.
Balance sheet
- C.
Loss statement
- D.
Income statement
- 2.To prepare a Pro Forma Cash Flow Statement, you must forecast your:
- A.
Revenues and operating expenses
- B.
Profits
- C.
Assets and liabilities
- D.
Debt capital
- 3.Money loaned to a business with the understanding that the money will be repaid, with interest, in a certain time period is:
- A.
Equity capital
- B.
A loan guarantee
- C.
Venture capital
- D.
Debt capital
- 4.The assets section of a balance sheet includes:
- A.
Fixed assets
- B.
Accounts receivable
- C.
Allowance for uncollectible accounts
- D.
All of these
- 5.All of the following are important types of insurance for your business except:
- A.
Casual insurance
- B.
Workers' compensation
- C.
Life insurance
- D.
Property insurance
- 6.All businesses face the risk of:
- A.
Credit card fraud
- B.
Robbery
- C.
Shoplifting
- D.
Employee theft
- 7.The reason a bank may turn down your loan application is:
- A.
You have not owned a business before
- B.
A start-up business is less likely to default on a loan
- C.
Your business plan is poorly written
- D.
You have invested too much of your own money
- 8.Installing mounted video cameras can help to:
- A.
Prevent robberies
- B.
Prevent or reduce shoplifting
- C.
Prevent employee theft
- D.
All of these
- 9.Write the accounting equation and define each element of it.
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