Financial Aspects Of Business 25 Correctly Answered Questions Latest Update

A successful entrepreneur does NOT necessarily need which of the following? {Ans: Strong coaching abilities}Sources of capital include which of the following? {Ans: All of the above(Banks and credit unions, Suppliers, Previous owners of the business)}Which of the following best describes capital? {Ans: The monetary funds invested in a project}Which of the following is the least common form of business organization? {Ans: Partnership}Employee screening and training are considered which method of handling risk? {Ans: Risk prevention and control}Which of the following accurately describes a balance sheet? {Ans: A summary of a business's assets, liabilities and equity}Advantages of entrepreneurship include which of the following? {Ans: Getting to set your own work schedule}The factors of a start-up cost estimate include which of the following? {Ans: All of the above(Size of the business, Type and amount of inventory needed, Operating expenses which must be paid before any revenue is received)}Which is NOT a criterion banks use for evaluating loan applicants? {Ans: Control}Which type of risks occur from fluctuations in business conditions? {Ans: Economic risks}Ron opened the first McDonald's® in his small town after reading about the success of others in his state. This