
Chapter 6 Review
Quiz
•
Life Skills
•
KG - University
•
Practice Problem
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Medium
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Private investors who fund start-up businesses are called ____.
banks
angel investors
investment funds
entrepreneurs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) ____ is a written statement of goals and objectives for a business with a strategy to achieve them.
financial statement
summary
business plan
resume
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The movement of money into and out of a business is called ____.
cycle of money
spending
cash flow
transfer of funds
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
____ is an asset pledged that will be claimed by a lender if the loan is not repaid.
collaterall
goods
principle
interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who starts a new business or purchases an existing business is a(n) ____.
capitalist
manager
entrepreneur
boss
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capital brought into a business in exchange for a percent of ownership in the business is called ____.
funding
debt management
liabilities
equity financing
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
____ are critical skills necessary to perform the required work-related tasks of a position.
procedures
job-specific skills
critical steps
management skills
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