AKS 6 | Marketing & Finance

Front

Is determining the business structure one of the ten steps to creating a business?

Back

True

Front

STARTUP COSTS is also known as SEED MONEY.

Back

True

Front

Money raised for a company in exchange for a share in the company.

Back

Equity

Front

Borrowing money that must be paid back over time, usually with interest, is considered...

Back

Debt

Front

Can you get a business loan from a Credit Union?

Back

True

Front

Does personal financing mean none of the funding comes from the owner’s personal money?

Back

False

Front

The amount a business makes when total revenue exceeds total expenses.

Back

Profit

Front

Financial statements are used to determine the amount of money needed to operate a business as well as the amount that needs to be borrowed.

Back

True

Front

Personal Financial Statement is a summary of your current personal financial condition.

Back

True

Front

Is liability a debt that you owe to yourself, such as credit card debt, school loans, car payments, or taxes?

Back

False