10 Questions
Which type of funding covers every source of financing except bonds and stocks?
Private financing
What is the first infusion of capital used to get a business started called?
Seed money
Which type of organization lends smaller amounts of money to business owners who don't qualify for conventional bank loans?
Microlenders
Which type of investors provide money to finance high-growth new businesses in exchange for a portion of ownership?
Venture Capitalists
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?
Angel Investors
Which of the following is NOT a benefit of small businesses?
They meet the needs of larger organizations
What is the definition of the entrepreneurial spirit?
A positive mindset towards entrepreneurship
What is a small business?
A business that is independently owned and employs less than 500 employees
What is a business plan?
A document that summarizes a proposed business venture and its goals
What role do small businesses play in the economy?
They inject a considerable amount of money into the economy
Test your knowledge on the importance of small businesses! Discover the benefits they bring, from job creation to meeting the needs of larger organizations. Explore how small businesses contribute to the economy and why they play a vital role in society.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
