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Unit 0.4 Wordss

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
show Cost of baking ingredients  
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show Contingency fund.  
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show Variable costs.  
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Deposits paid prior to opening the business to connect utility services for a new business are considered:   show
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Expenses that are NOT affected by sales volume are called:   show
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One factor that affects start-up costs of a new business is:   show
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Miscellaneous expenses incurred by the entrepreneur for clothing, travel and entertainment are:   show
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Initial inventory for the business is which type of cost?   show
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show Start-up costs.  
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show Variable costs.  
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Which is NOT a factor that affects start-up costs   show
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show One year.  
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When seeking a loan, an entrepreneur who has capacity:   show
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show Increases the borrowing power of the business.  
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An advantage of using family and friends as sources of funding is:   show
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show A prearranged loan at an established rate available whenever the business owner needs it.  
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show Create jobs.  
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Funding that is borrowed from family or friends is sometimes called:   show
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show Loss of some of the control and ownership  
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The most common source of business financing is a:   show
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show Debt.  
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One disadvantage of using personal savings as a source of funding is that it:   show
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What is trade credit?   show
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What is collateral?   show
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When an entrepreneur visits a bank to apply for a loan, he/she should be ready to:   show
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A loan that is granted to a bank's most credit-worthy customers and is not guaranteed by collateral is a/an:   show
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show HUD  
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Who are angels?   show
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show SBA.  
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show Capital.  
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The repayment of a long-term loan is expected to take   show
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Money invested in a business by private investors is:   show
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show Equity.  
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One advantage of using personal savings to fund a sole proprietorship is that:   show
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show One-time expenses incurred by the entrepreneur when beginning a business  
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Created by: Tasha P
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