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Quiz3___Answers - AEM120 Fall 2007 Quiz#3 October 4th 2007...

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Unformatted text preview: AEM120 Fall 2007 Quiz #3 October 4th, 2007 Pedro David Prez Answer the following matching questions on the Scantron. Please return both pieces of paper. You will have seven minutes to answer the quiz from the moment the professor declares it started. Name of student Student ID __________________________________________________ __________________________________________________ Match the information useful for a startup with the financial statement that provides it. 1. 2. 3. 4. 5. Capital required by the startup Determine whether the startup will be profitable Help determine when the startup will stop burning money Help in avoiding bankruptcy Indicate ownership value and distribution a. b. c. d. e. Breakeven analyses List of startup costs and use of proceeds Pro-forma balance sheets Pro-forma cash flow statements Pro-forma income statement b. e. a. d. c. 6. Which of the following is most important for a VC firm considering backing a startup? a. An excellent business opportunity; b. An excellent management team; c. Both are equally important. 7. The initial startup capital is mostly provided by a. Banks; b. Business angels; c. Government; d. The entrepreneur herself, her family and her friends; e. Venture capitalists. 8. Most startups will, eventually, seek and obtain angel and VC funding a. True b. False 9. According to research, the business plan only contributes decisively to the success of an entrepreneurial startup at the moment it seeks financial backing. a. True b. False 10. Which of the following is not a component of the business plan? a. Elevator pitch; b. Executive summary; c. Financial information; d. Management team; e. Risk factors. 11. According to Carl Schramm, which of the following is not a quadrant of the entrepreneurial economy? a. Established large-scale firms b. Government c. Startup d. Unions e. Universities 12. Environmental (or carbon) credit is the opportunity spotted by a. Edward Heslop b. Frank O'Connell c. J.C. Henry d. All of the above e. None of the above ...
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