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Principles

Authored by Teri Watkins

Other

9th Grade

Used 3+ times

Principles
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step that you would logically take after you have come up with a business idea?

Create a Business Plan

Talk it out with trusted allies

Apply for a Bank Loan

Create a Prototype

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that can finance itself without looking to investors or bank loans is referred to as

A Corporation

A Partnership

Bootstrapped

Crowdfunded

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business uses social media to fund itself by receiving small "micro-donations."

Bootstrapped

Source Funding

Crowdfunded

None of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a disadvantage of bank loans?

You must first create a business plan to get one

The interview process

You must pay back more money than you borrow in the form of interest

There are no disadvantages

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you go to an investor to help fund your business, it is likely that the investor will...

Ask you to provide a business plan

Want a percentage "stake" in your business

Loan you the money but require you to pay interest

Both 1 and 2

6.

OPEN ENDED QUESTION

3 mins • Ungraded

What are 4 ways to conduct market research?

Evaluate responses using AI:

OFF

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of entrepreneur that builds a business and then typically sells the business to begin another venture.

Investor

Inventor

Serial

Lifestyle

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