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Small Business Management Study Set 2
Quiz 11: Projecting Financial Requirements
Many Small Firms Have a Tendency to Overestimate the Amount
Question 9
True False
Many small firms have a tendency to overestimate the amount of capital the business requires.
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Related questions
Q 10
To the greatest extent possible the entrepreneur should use other people's resources, a common way entrepreneurs accomplish more with less. This is called bootstrapping.
Q 11
Unless the owner's personal living expenses during the initial period of operation are part of the business's capitalization, they need not be considered in the financial plan.
Q 12
A firm's sales are the primary force driving future asset needs.
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