Question 811 pts Rhonda does not know how to go about finding financing for her

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Question 811 pts

Rhonda does not know how to go about finding financing for her struggling new business. Which of the following resources would be the BEST place for her to learn more about obtaining financing?

Question 821 pts

One of the biggest reasons that small businesses fail is that the owner spent excessive time engaged in formal planning.

Question 831 pts

Peter has applied for a loan to purchase a franchise of a popular convenience store in an area that is experiencing rapid population growth. If the loan is approved, it will MOST likely be because ________.

Question 841 pts

Kyle is an entrepreneur who runs his own advertising agency. He can see the whole picture of what is involved in growing his company, and he has developed a solid plan for every aspect of the business, including production, financing, and marketing. This approach to his business indicates that Kyle is a ________.

Question 851 pts

Credit cards are not suitable sources of long-term funding for start-up companies.

Question 861 pts

________ are private venture capital firms licensed by the Small Business Administration to make equity capital or long-term loans available to small companies.

Question 871 pts

Which of the following types of entrepreneurs does NOT become involved in starting his or her own business?

Question 881 pts

Timothy is the 60-year-old founder of a publishing company that has over $2 million in annual gross sales. Is he eligible to have a mentor through the Entrepreneurs Organization?

Question 891 pts

The sole purpose of the Small Business Administration is to cater to the needs of small businesses.

Question 901 pts

Which of the following is the BEST example of entrepreneurial innovation?

Explanation / Answer

Question 90

pening a new landscaping business

Question 81

option b

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