POB - chapter 6 exam prep

All of the following are typical sources of financing for small businesses except

Which of the following is not a typical element of a business plan

A written description of the business idea and how it will be carried out, including all major business activities.

Someone who takes a risk in starting a business to earn a profit.

Short-term financing is money used to pay for land, buildings, and equipment.

Which of the following is not one of the defining features of a small business?

All of the following are examples of common start up costs except:

Government agency that helps small business owners develop business plans and obtain financing and other support.

A business plan does not have to be written because the business owner is well aware of the information in the plan.

An invention or creation that is brand new.

Most small business owners enjoy being part of a team.

The money needed to pay for the current operating activities of a business.

The amount of money needed to open the business.

Money needed for the important resources of a business (like land, buildings, and equipment) that will last many years.

Money provided by large investors to finance new products and new businesses that have a good chance to be profitable.

A business plan is usually written to cover what period of time?

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

The process of starting, organizing, managing, and assuming the responsibility for a business.

Everyone who owns or manages a small business is an entrepreneur

An independent business with fewer than 500 employees.