Reference no: EM132152587
1. Primary research is:
original research and is collected by the entrepreneur
research that is already collected and is available online
research that is stored in an official government depository
research that is collected by an impartial third party
research that is collected by an industry trade association
2. Which of the following is not one of the components of a firm's business model?
core strategy
strategic resources
partnership network
business plan
customer interface
3. A firm's pro forma financial statements are similar to its historical financial statements except that:
they do not include the income statement
they are required by the SEC in all cases
they look back rather than forward
they look forward rather than back
they do not include the statement of cash flows
4. Which of the following is not considered as a way that lenders and investors add value to a new venture, beyond providing money?
help the firm fine-tune its business model
serve on the firm's board of directors or board of advisors
recruit customers
help identify and recruit key management personnel
help manage the day-to-day activities of the firm
5. The seed money that gets a company off the ground typically comes from:
angel investors
venture capitalists
commercial banks
governmental agencies
the founders of the firm
6. Equity financing (or funding) means:
exchanging partial ownership in a firm, usually in the form of stock, for funding
getting a grant or outright gift
getting a loan
getting a lease
getting a loan guarantee