
Bell Ringer: Chapter 7 Financial Planning Lessons 4-5
Quiz
•
Business
•
11th - 12th Grade
•
Hard
John Adams
Used 1+ times
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10 questions
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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
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