Entrepreneurship Quiz- Finance And Business

9 Questions | Total Attempts: 364

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Business Finance Quizzes & Trivia

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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