Entrepreneurship - Chapter 15

Entrepreneurial ventures often have to appeal to stock markets rather than private investors to raise funds?
1. True
2. False
Bank finance accounts for what percentage of the external finance raised by SMEs in the UK?
1. 60%
2. 40%
3. 30%
4. 25%
What percentage of external finance for SMEs is made up by equity finance in the UK?
1. 33%
2. 43%
3. 3%
4. 13%
What does VC stand for in the context of entrepreneurial finance?
1. Venture costs
2. Venture collaborators
3. Venture capital
What does IPO stand for?
1. International Public Offering
2. International Product Offering
3. Initial Public Offering
Difficulty in raising finance exists in the so-called ‘equity gap’ between which levels of funding?
1. £10,000 - £50,000
2. £50,000 - £1million
3. £1million - £2 million
What is a business angel?
1. High net worth individuals who invest only in social enterprises
2. High net worth individuals who invest privately in entrepreneurial ventures
3. High net worth individuals who invest only in religious ventures
Cash flow is the same as the profits of a business
1. True
2. False
A balance sheet is a summary of what aspects of a business?
1. The profits and losses
2. The uses and sources of funds
3. The cash flow of a business
What type of assets can be described as ‘liquid assets’?
1. Assets that are likely to melt away
2. Assets that can be turned quickly into cash
3. Assets that can be purchased for cash