Business Essentials Chapter 6 Review

What type of financing would pay for delivery trucks?

The money needed to open a business is called

What type of financing is used to pay for the current operating costs of the business?

An independent business with 200 employees is considered a small business.

What type of financing is used to purchase equipment to open a business?

What type of financing would pay for the license to operate a business?

What type of financing is used to open the business?

The TV show "Shark Tank" shows entrepreneurs trying to secure...

Someone who takes a risk to start a business

A written description of a business idea and how it will be carried out.

An entrepreneur is someone who takes a risk by starting his or her own business.

Money provided by large investors to finance new products & new businesses.

One of the main reasons that businesses fail is inadequate capital.

An independent business with fewer than 500 employees.

Small businesses employ only 10% of US workers.

An invention or creation that is brand new

What type of financing would include large purchases like lands, or real estate?

A major designed change that increases the usefulness of a product, service or process.

What type of financing that is obtained for less than a year?

A business plan includes a description of the strengths and weaknesses of competitors.

Most new business owners obtain start-up money to finance their business from banks.

The process of starting, organizing and managing a business.

Which of the following is NOT a characteristic of entrepreneurship in the US?

Money needed for the important resources of a business that will be used over many years is called

The money needed for the current operating activities of the business

Successful entrepreneurs have many personal characteristics in common.

Start-up financing is money needed to pay the current operating costs of the business.