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
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?
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
A business plan
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- Fall '16
- carey winset
- Business, Management