
Business Foundations Chapter 6 Test Review
Authored by Nancy Harris
Business
9th - 12th Grade
Used 81+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who assumes the risk of starting a new business is a
private investor
entrepreneur
"angel"
venture capitalist
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money used to expand a business comes out of ____.
start-up costs
operating costs
cash flow`
reserve funds
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the highest percentage of market value a home equity loan will provide?
80%
60%
50%
20%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A home equity loan is an example of ___.
insider financing
bank funding
an unsecured loan
personal financing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For unexpected costs, businesses often use ____.
insider financing
a line of credit
a long-term commercial loan
a home equity loan
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Comments from creditors are helpful to a bank when assessing a would-be borrower's ____.
capacity
capital
character
collateral
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Less paperwork and shorter response time are the advantages of applying for a loan through the ____.
Angel Capital Electronic Network
Small Business Investment Companies
Fortune 500 companies
Low Documentation Program
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