Small Business Management

Business

Quiz 9 :

Small Business Finance

Quiz 9 :

Small Business Finance

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If a small business owner needs to obtain a loan for purchasing inventory that is expected to sell within one year, the maturity of the loan should be ______.
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When reviewing loan applications, Jessica, a loan officer at A+ credit union, always examines the amount of cash and marketable securities that applicants have on hand. She reviews historical, current, and projected cash flows of a business to gauge whether applicants are able to repay the loan. These activities best describe which of the five "C's" of credit?
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Determining the applicant's ability to repay a loan by examining the amount of cash and marketable securities and the projected cash flows is which of following five C's?
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The fundamental financial building blocks for a small business owner are knowing what assets are required to open the business and how those assets will be financed. This is known as ______.
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The ability to finance an investment through borrowed funds is known as ______.
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An amount of money borrowed from a lender is known as the ______.
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Providers of equity funds forego the opportunity to receive periodic repayments in order to share in ______.
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Debt creates the risk of becoming ______ if the entrepreneur is unable to make each debt payment on time.
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Equity funds never need to ______.
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The final step in defining required assets before opening a business involves ______.
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Building, equipment, land, and patents are which of the following?
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Assets that will be converted into cash within one year are called ______.
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Cash, inventory, and prepaid expenses are which of the following?
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The amount of money that a small business owner needs to borrow is the difference between the pro forma assets and ______.
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Assets that will not be converted into cash within one year are called ______.
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The general economic climate at the time of the loan application is which of the following five C's of credit?
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The amount of money paid for the use of borrowed funds is known as ______.
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Those who rarely invest in retail operations but instead focus on high technology and growth industries (also essential services) are ______.
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Two kinds of funds are potentially available to the entrepreneur ______.
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The process of determining initial capital requirements for a business begins with identifying ______.
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