
Bell Ringer: Chapter 7 Financial Planning Lessons 4-5
Authored by John Adams
Business
11th - 12th Grade
Used 1+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one type of bootstrapping that cannot be used for a business start-up?
Bartering, factoring, and use of credit cards
Factoring, personal loans, and bank loans
Bank loans, credit card debt, and leasing equipment
Trade credit, crowdfunding, and bartering
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are two methods of bootstrapping
Minimizing waste and acquiring new resources
Applying for a bank loan and using crowdfunding
Efficiently utilizing the resources you have and minimizing waste
Efficiently utilizing the resources you have and acquiring new resources.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is bootstrapping used for
It is an inventory management tool.
It is used to avoid paying taxes on business financing
Gaining financial resources to start and grow your business
It is used as an employee incentive.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one type of bootstrapping that cannot be used for a business start-up?
Factoring
Personal loans
Bartering
Credit card debt
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When is bootstrapping used?
Anytime that a small business needs to raise cash or access resources
It is only used to purchase inventory
It is only used to buy real estate
During the start up phase of a business.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is typically an acceptable asset used to guarantee an asset-based loan?
Client lists
Intellectual property
Credit score
Accounts receivable
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is TRUE of a company that is young and lacks significant assets?
A young company is more likely than an established company to use asset-based lending
It will have difficulty obtaining financing with asset-based lending
It can obtain an asset-based loan solely on the basis of the owner's credit score
The only asset-based loan available will be a line of credit
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?