11/29/23, 5:26 PM Entrepreneur Finance (FIN2233)

Entrepreneur Finance (FIN2233)

DIPLOMA IN BANKING AND FINANCE

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1. Email *

GROUND RULES

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CONFIGURATION IN ZOOM FOR LIVE PROCTORING

PROCESS OF LIVE PROCTORING & KEY REMINDERS

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SECTION A

Answer ALL Questions

2. What is the primary purpose of a business plan in * 1 point

entrepreneurship?

Mark only one oval.

Demonstrating financial success

Satisfying regulatory requirements

Guiding the company's operations and attracting investors

Outlining employee roles

3. In the finance paradigm, what is the primary focus when creating * 1 point

a business plan?

Mark only one oval.

Marketing strategies

Financial projections and funding requirements

Employee training programs

Product development

4. What type of business plan is typically used to secure funding from * 1 point

investors or lenders?

Mark only one oval.

Operational business plan

Strategic business plan

Funding or investment business plan

Internal business plan

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5. What is a characteristics of an effective entrepreneur? * 1 point

Mark only one oval.

Risk-averse behavior

Resistance to change

Strong problem-solving skills

Dependence on external guidance

6. What is a distinguishing characteristics of impact investing in the * 1 point

context of financing social ventures?

Mark only one oval.

Sole focus on financial returns

Emphasis on short-term profitability

The intention to generate positive social and environmental impact

Exclusively funded by government agencies

7. What is a common challenge in financing social venture? * 1 point

Mark only one oval.

Lack of interest from impact investors

Overemphasis on financial returns

Difficulty in measuring social impact

Inability to secure government grants

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8. Which source of financing is characterized by individuals * 1 point

contributing small amounts of money through an online platform?

Mark only one oval.

Venture capital

Private equity

Crowdfunding

Initial public offering (IPO)

9. What distinguishes social ventures from traditional ventures in * 1 point

terms of financing?

Mark only one oval.

Focus on profit maximization

Emphasis on social and environmental impact

Sole reliance on government grants

Lack of concern for financial sustainability

10. What source of new venture financing typically involves exchanging * 1 point
equity ownership for capital?

Mark only one oval.

Debt financing

Crowdfunding

Equity financing

Trade credit

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11. In the context of new venture financing, what is the primary * 1 point

characteristics of angel investors?

Mark only one oval.

Government-backed funding

Equity financing from venture capitalists

Funding from family and friends

Individual investors providing capital

12. What is a characteristics of a sole proprietorship as a form of * 1 point

business ownership?

Mark only one oval.

Limited liability for the owner

Separate legal entity

Multiple owners with shared decision-making

Ease of transferability of ownership

13. What is a key consideration for entrepreneurs in the beginning * 1 point

stages of starting a business?

Mark only one oval.

Long-term financial projections

Day-to-day operations

Identifying and evaluating opportunities

Marketing strategy

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14. What is a key advantage of a corporation as a form of business * 1 point

ownership?

Mark only one oval.

Unlimited personal liability for owners

Simplicity in management

Limited liability for owners

Pass-through taxation

15. What is characteristics of a franchise as a form of business * 1 point

ownership?

Mark only one oval.

Unlimited personal liability for the franchisee

Independence from the franchisor's guidelines

A standardized business model and support from the franchisor

High level of control over the brand and operations

16. What is a benefit of buying an existing business rather starting a * 1 point

new one?

Mark only one oval.

Lower upfront costs

Established customer base and revenue stream

Unlimited growth potential

Greater control over the business model

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17. The term 'entrepreneurial competencies' refers to .............. * 1 point

Mark only one oval.

key characteristics possessed by a successful entrepreneur in performing

entrepreneurial functions effectively

the process that leads to the setting up a business entity

the step by step plan to achieve business goals

an entrepreneur's skills in identifying new and potentially unique ideas to

achieve his goals

18. What is a common challenge when buying an existing business? * 1 point

Mark only one oval.

Limited financial resources

Lack of brand recognition

Uncertainty about the business's history and financial health

Limited control over business operations

19. Which form of ownership provides the greatest degree of control * 1 point
to the owner?

Mark only one oval.

Sole proprietorship

Partnership

Corporation

Limited Liability Company (LLC)

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20. In franchising, what is a disadvantages for the franchisee? * 1 point

Mark only one oval.

Access to a proven business model

Independence in decision-making

Ongoing royalty payments to the franchisor

Unlimited liability for business debts

21. 'Entrepreneurship involves creating something new and of value to * 1 point

entrepreneurs and the consumers for which it is targeted to'.

What is the basic aspect of entrepreneurship in this statement?

Mark only one oval.

Acceptance of risks

The creation process

Devotion of time and effort

Monetary and non-monetary rewards

22. What is a crucial aspect of a strategic management for an * 1 point

entrepreneur?

Mark only one oval.

Short-term focus on daily operations

Reacting to market trends

Setting long-term goals and vision for the business

Avoiding changes in business strategy

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23. A contract where two or more persons bind themselves to * 1 point

contribute money, property, or industry to a common fund with
the intention of dividing the profits among themselves.

Mark only one oval.

Voluntary Association

Corporation

Partnership

Sole Proprietorship

24. Which of the following is an advantage of a partnership? * 1 point

Mark only one oval.

Unlimited Liability

Shared responsibility

Arguments

Less investors

25. One reason franchise arrangements appeal to many people seeking * 1 point

to own a business is that the franchise offers

Mark only one oval.

name recognition due to advertising made by the franchiser

the chance to earn profits without assuming any management responsibilities

guaranteed interest-free long-term financing

a way to avoid annual fees usually associated with business ownership

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26. A successful sole proprietor must exhibit all of the following * 1 point
except;

Mark only one oval.

leadership skills

be fully responsible for the firm's performance

be willing to work 40 hours per week

organizational skills

27. The advantages of buying an existing business that you do not have * 1 point

with a start up company include;

Mark only one oval.

greater access to venture capital

the opportunity to participate in a advertising campaign

inventory is in place and trade credit has been established

easy implementation of innovations and changes from past policies

28. All of the following are disadvantages of a partnership except; * 1 point

Mark only one oval.

decision making must be shared among partners

general partners are subject to unlimited liability

profits are shared among partners

multiple partners bring additional funds to the business

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29. Which of the following statements on financing the purchase of * 1 point

an existing business is true?

Mark only one oval.

It's usually more difficult to secure financing for an existing business compared
to a start-up business

The business seller is not a good source of financing

The buyer should be able to make loan payments from the company's cash flow

All of the above

30. Which of the following statement is false regarding the process of identifying, * 1 point

evaluating and choosing a business idea?

Mark only one oval.

The business environment has to be analyzed

Business ideas should conform to the existing rules and regulations

Business risks have to be taken into consideration in screening a business idea

Business ideas should not be free from any element of monopoly

31. It's a comprehensive document prepared to assist the entrepreneur in analyzing the * 1 point

market and planning the business strategy'. The statement best describes

Mark only one oval.

an operational plan

a business plan

an organization plan

a financial plan

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