Question 201 out of 1 points One of the most significant drawbacks of small

Question 201 out of 1 points one of the most

This preview shows page 8 - 12 out of 42 pages.

Question 201 out of 1 pointsOne of the most significant drawbacks of small businesses is their inability to innovate and to bring significant benefits to customers. Selected Answer:False
Image of page 8
Answers:TrueFalse Question 211 out of 1 pointsIn the process of starting a business, the step that immediately succeeds the development of a business plan involves: Question 220 out of 1 pointsJacob and Harry are business partners, and their company manufactures portable solar panels. They initially started the businesswith their savings. However, now the company plans to expand its operations and the required amount of capital cannot be raised through savings or by reinvesting profits. Thus, the partners have decided to sell stock in their business to family members, friends, and employees. Which of the following sources of capital have Jacob and Harry planned to use for the expansion of their business?
Image of page 9
Question 231 out of 1 pointsMany small rural operations cannot obtain financing within their own communities because: Question 241 out of 1 pointsArnold approached a bank to get a loan for a business he planned to launch later that year. He explained his business idea and its capital requirements to the bank manager. The manager asked Arnold to provide a formal document that included a rationale for the business, an explanation of how it will achieve its goals, an analysis of the competition, and estimates of income and expenses, among other information. Which of the following documents does the bank expect from Arnold in this scenario? Selected Answer:A business planAnswers:A promissory noteA cash flow statementA marketing planA balance sheet
Image of page 10
A business plan
Image of page 11
Image of page 12

You've reached the end of your free preview.

Want to read all 42 pages?

  • Fall '16
  • carey winset
  • Business, Management

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture