Question 1 (2 points) It always requires a lot of cash to start a business. Ques
ID: 372144 • Letter: Q
Question
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
True FalseExplanation / 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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