Question 1 (2 points) It always requires a lot of cash to start a business. Ques

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Question 1 (2 points)

It always requires a lot of cash to start a business.

Question 1 options:

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Question 2 (2 points)

Some sources of financing includes friends, family, credit cards, banks, venture investors.

Question 2 options:

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Question 3 (2 points)

The business loan application list includes:

Question 3 options:

Loan application form

Business Plan

Business Credit report, Financial statements

All of the above

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Question 4 (2 points)

An organization displays elements such as respect, honor, customer-focus, integrity, passion and persistence. This organization could be considered:

Question 4 options:

Profitable

Strategic

Ethical

Productive

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Question 5 (2 points)

Which of the following statements best describes the value that Entrepreneurs add to local economies:

Question 5 options:

Create new jobs but do not increase local incomes and wealth

Connect the community to the larger global economy

Increase local income only

Create new jobs, increase local incomes and wealth, and connect the community to the larger, global economy

Explanation / Answer

Answer 1: false.. it is not neccessary to start a bussiness you should have a lot of cash. With great ideas and proper planning you can start a bussiness with low cash.

Answer 2: true. Friends, banks, family, credit cards etc are some sourcing of financing.

Answer 3: all of above are included in bussiness loan application list.

Answer 4: option D is correct.. as we jnow ethical irganization shows elements like respect, honor, integrity,passion etc.

Answer 5: option D is correct.. create new jobs , increase local income and wealth and connect the community to the larger global economy which will help them to grow more.

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