Entrepreneurship: Finance

A _________ can be a budget, a plan for spending and saving future income

• A. Marketing plan

• B. Financial plan

• C. Production plan

• D. Organizational plan

The Idea and actions that explain how a firm will make its profits refers to

• A. Mission

• B. Goal

• C. Strategy

• D. Objective

Entrepreneurs are:

• A. High risk takers

• B. Moderate risk takers

• C. Small risk takers

• D. Doesn't matter

Benifits can focus on which of these?

• A. Value and cost

• B. Imitation and innovation

• C. Internal and external aspects

• D. None of the given options

Developing opportunities, gathering resources, managing and building operations with the goal of creating value

• A. Entrepreneurial process

• B. Entrepreneurship

• C. Free cash

Individual who thinks, reason, and acts to convert ideas into commercial opportunities and to create value

• A. Entrepreneur

• B. Businessman

• C. Manager

Process of changing ideas into commercial opportunities and creaying value.

• A. Strategy

• B. Entrepreneurship

• C. Business

Entrepreneurial finance is the application and adaptation of financial tools and techniques to the planning, funding, operations, and valuation of an entrepreneurial venture

• True

• False

Partnership is business venture owned by two or more individuals who are jointly and personally liable for the venture's liabilities.

• TRUE

• FALSE

Corporation is a legal entity that separates personal assets of the owners, called shareholders, from the assets of the business

• True

• False