A precise statement of the rationale for a business and a step-by-step explanati

Question

A precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals is known as a(n). promissory note article of incorporation business plan business agreement article of partnership Which of the following is a source of equity financing? Securing government loans Selling personal assets to raise funds Borrowing money from friends Securing short-term loans from a family member Receiving trade credit from suppliers are persons or organizations that hope to purchase the stock of a small business at a low price and then sell the stock for a profit after the business has grown successful. Intrapreneurs Category captains Venture capitalists Trade debtors Franchisers Securing a mortgage from a bank for a new business venture is an example of: equity financing, venture capitalism, debt financing, trade credits, collaterals. Banks and other financial institutions can grant a small business a, which is an agreement by which a financial institution promises to lend a business a predetermined sum on demand. line of credit trade credit mutual fund non-recourse loan trust fund Since Eva has decided to use her savings to purchase the rights to own and operate a McDonald's outlet rather than starting her own restaurant, she is most likely to be a(n). trade creditor franchisee category captain intrapreneur venture capitalist

Explanation / Answer

5. c. Business Plan

6. b selling personal assets to raise friends

Others are source of finance for which lending has to be done by repaying the amount with some interest.

7. c venture capitails

8. c : Debt financing,

Because we lend money from the bank which we have to repay with interest, securing mortgage is debt finanacing.

9. a Line of credit

line of credit is a short-term bank loan with a preset limit that provides working capital for day-to-day operations.

10. b Franchisee

Franchising is the practice of the right to use a firm's business model and brand for a prescribed period of time. It is a relationship between two entities, franchisor and franchisee. Franchisor grants right to use their business model for a fee. The franchisee than provides a time, capital, and desire to utilize the business model provided to build a business. Eva is investing her business to get rights of operating McDonalds outlet, thus her role is of Franchisee

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