Entrepreneurship
Quiz # 3
Due DATE;
30 Minutes
Total marks
10
Marks
obtained /10
1. Which of the following is the advantage of S
CORPORATION?
a.
Capital gains or losses are treated as
corporation’s income
b. Shareholders
do not retain limited liability protection
c.
This form may use the capital method of
accounting
d. Stock may be
transferred to low-income-bracket family members
2. Which of the
following is not a types of Bank Loans
a. Inventory loans
b.Accounts payable loans
c. Equipment loans
d.Real estate loans
3. Conventional bank loans include
a. Lines of credit
b.Long-term loans
c. Character loans
d.All of the
mentioned options
4. Installment
loans can be obtained by a going venture with a track record of
a.
Sales and profits
b. Customers
c. Supplier’s
chain
d.All of the
mentioned options
5. When the
business does not have assets to support a loan, the entrepreneur may need a
a. Inventory loans
b.Accounts payable loans
c. Character loan
d.Equipment loans
6.
Inventory is often a basis for a loan, particularly
when inventory is not liquid
True
False
7.
The loan application format is generally a
“mini” business plan
True
False
8. Public offerings involve much time and expense
True
False
9. A private offering is faster and less costly
than other funding
True
False
10. Rapid growth may result in management problems
True
False
