The Impact of Small Businesses
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Questions and Answers

Which type of funding covers every source of financing except bonds and stocks?

  • Seed money
  • Venture Capitalists
  • Private financing (correct)
  • Microlenders

    • What is the first infusion of capital used to get a business started called?

  • Venture Capitalists
  • Seed money (correct)
  • Private financing
  • Microlenders

    • Which type of organization lends smaller amounts of money to business owners who don't qualify for conventional bank loans?

  • Microlenders (correct)
  • Seed money
  • Venture Capitalists
  • Private financing

    • Which type of investors provide money to finance high-growth new businesses in exchange for a portion of ownership?

    <p>Venture Capitalists (A)</p> Signup and view all the answers

    What do we call private individuals who put their own money into start-ups with the intent of selling their share for a profit later on?

    <p>Angel Investors (B)</p> Signup and view all the answers

    Which of the following is NOT a benefit of small businesses?

    <p>They meet the needs of larger organizations (B)</p> Signup and view all the answers

    What is the definition of the entrepreneurial spirit?

    <p>A positive mindset towards entrepreneurship (C)</p> Signup and view all the answers

    What is a small business?

    <p>A business that is independently owned and employs less than 500 employees (D)</p> Signup and view all the answers

    What is a business plan?

    <p>A document that summarizes a proposed business venture and its goals (A)</p> Signup and view all the answers

    What role do small businesses play in the economy?

    <p>They inject a considerable amount of money into the economy (C)</p> Signup and view all the answers

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