Stukent Entrepreneurship Chapter 7 BMT Vocab

Question 1

High net-worth individuals who provide capital and mentorship to startups in exchange for equity

Accepted Answer

Angel Investors

Question 2

Which approach determines the value of a business by comparing it to similar businesses recently sold/comparable finance

Accepted Answer

Market Approach

Question 3

Loans specifically tailored for small businesses that must be repaid with interest (most common way to get money)

Accepted Answer

Small Business Loans

Question 4

Financial obligations or liability owed by an individual or entity to another part (owing someone money)

Accepted Answer

Debt

Question 5

Percentages charges by lenders on loans or credit, representing the cost of borrowing or the return on an investment

Accepted Answer

Interest Rates

Question 6

Shareholders holding equity do not have the right to assert a stake in the company's assets and earnings

Accepted Answer

True

Question 7

Professional investment firms that in high-growth startups or business in exchange for equity

Accepted Answer

Venture Capitalist

Question 8

Financial aid granted to students based on specific criteria; academic achievements

Accepted Answer

Scholarships

Question 9

Management Accountants...

Accepted Answer

Specialize in financial analysis, budgeting, cost analysis & +

Question 10

Measure of an individual's ability to borrow money based on their financial history & trust to repay borrowed amount

Accepted Answer

Credit

Question 11

PIA stands for principal interest administrative fees

Accepted Answer

True

Question 12

Financial resources offered by organizations, government agencies/foundations to support particular projects/activities

Accepted Answer

Grant

Question 13

Which approach focuses on the value of a business's tangible & intangible assets.

Accepted Answer

Asset Approach

Question 14

The ownership/portion of ownership in a company, often represented by common stock

Accepted Answer

Equity

Question 15

Combination of the market and income approaches may be used to derive a more accurate valuation.

Accepted Answer

True

Question 16

Which approach determines a business's value based on its expected future income or cash flows

Accepted Answer

Income Approach

Question 17

Monetary worth of a business by viewing company's profits, losses, assets, debts, & current market conditions

Accepted Answer

Business Valuation

Question 18

Providing entrepreneurs with small loans & financial services typically in developing countries/underserved communities

Accepted Answer

Microfinancing

Question 19

Gathering financial support by reaching to a broad audience through social media & inviting them to contribute money

Accepted Answer

Crowdfunding

Question 20

Which approach combines other approaches to be used to arrive at a comprehensive valuation

Accepted Answer

Combination Approach

Questions 20