stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Management, Ownership and Financial Strategies Flashcards | StudBud
Explore
/
Management, Ownership and Financial Strategies
Management, Ownership and Financial Strategies
35 terms
·
StudBud Administration
·
20 plays
Imported from external platform
Flashcards
35 cards
F
Practice quiz
P
Host live
L
Questions
35
Answers
1
What type of loan requires no collateral?
Unsecured loan
Long Term Financing
Short Term Financing
Secured Loan
2
What pecentage of new businesses fail within the first four years?
50%
66%
25%
75%
3
Which of the following is not considered a start-up cost?
equipment purchase
rent
office supplies purchase
401(k) plan
4
a form of business ownership that has manyowners who own shares of stock in the business
Corporation
Partnership
Sole-proprietorship
5
What is a contract to use something for a specified period of time?
lease
start-up
entrepreneurship
franchise
6
What is a summary of a business's income and expensesduring the past year called?
net profit
revenue statement
balance sheet
income statement
7
What is an entrepreneur?
a person who takes over the family business
a person who buys a franchise
all of the above
a sole proprietor
8
What type of financing will be repaid within one year ?
Long Term Financing
Secured Loan
Short Term Financing
Unsecured loan
9
ASWOT analysis does not focus on which of the following components orareas?
strengths
weaknesses
newideas
opportunities
10
What is any financing that will take longer than one year to repay?
Short Term Financing
Secured Loan
Long Term Financing
Unsecured loan
11
What are owners of a corporation called?
managers
directors
shareholders
partners
12
Who is a current or former successful business owner who invests in new business ventures?
Corporation
Entrepreneurial Angel
Franchisor
Venture Capitalist
13
ASWOT analysis focuses on which of the following components or areas?
strengths
all of the above
weaknesses
Threats
14
What is a legal agreement in which two or more peopleshare ownership of a company?
sole proprietorship
franchise
partnership
corporation
15
A form of business ownership which has oneindividual who runs the business
Sole-proprietorship
Partnership
Corporation
16
What is a business's revenue?
the difference between assets and debts
debts a business owes
its income from sales
owner's equity
17
What type of loan requires collateral?
Secured Loan
Long Term Financing
Unsecured loan
Short Term Financing
18
In franchising, the the franchise provides all but which one of the following?
all of the above
Established market for the product
Economies of scale for purchasing
Management assistance in operating the business
19
What do you call a person that you owe money to?
Equity Capital Financing
Creditor
Venture Capitalist
Entrepreneurial Angel
20
What do you call the company or person that offers afranchise for sale?
Equity Capital Financing
Venture Capitalist
Franchisor
Franchisee
21
Which of the following is the least likely source of seed money that gets a new venture started
personal funds
bootstrapping
a bank line of credit
friends and family
22
Are grants considered a type of business financing?
False
True
23
A form of business ownership with two or moreowners?
Partnership
Corporation
Sole-proprietorship
24
Business financing where the investor is given a % of revenue or a partial ownership?
Venture Capitalist
Entrepreneurial Angel
Equity Capital Financing
Franchisor
25
Which of the following is considered an advantage of entrepreneurship?
long hours
financial risk
stiff competition
autonomy
26
What is defined asthe blueprint that explains the business to potential investors.
competitor analysis
spin-off
business plan
business alliance
27
An established name and product is sold to other owners with the rights to distribute product?
Nonprofit
Corporation
Franchise
Sole Proprietorship
28
What do you call the person who purchases a franchise agreement to sell their goods/services
Franchisor
Franchisee
Equity Capital Financing
Venture Capitalist
29
For small business owners, one of the most importantobjectives is
growth
market presence
profitability
innovation
30
Can equity Capital can cause an owner to lose their business?
True
False
31
This financial statement shows a business's profit orloss over a given period of time?
Balance Sheet
Cash Flow Statement
Equity Statement
Income Statement
32
What are liabilities?
the difference between assets and debts
debts a business owes
owner's equity
things a business owns
33
Which are examples of capital financing?
A & B
Equity (ownership) financing
Debt (loan) financing
Long Term Financing
34
What are operating expenses?
the costs of doing business
financing costs
legal costs
the costs of starting a new business
35
Who are individuals or companies that make a living byinvesting in young growth companies?
Franchisor
Venture Capitalist
Corporation
Entrepreneurial Angel
