BHS 5th Hour Intro to Bus Ch 4 Finances retake

7 Responses | Created by mburgess |
  1. 1

    Cost of goods sold is the cost of advertising and marketing your business.

  2. 2

    A credit union

  3. 3

    The balance sheet

  4. 4

    If a loan is not repaid, collateral will be sold on a public auction.

  5. 5

    Family members may not be partners or members of a business corporation.

  6. 6

    Using business suppliers as a financial resource means

  7. 7

    Which of the following is not a financial resource for entrepreneurs?

  8. 8

    A partnership or corporation is an example of equity financing.

  9. 9

    Examples of collateral might include cars, buildings, and equipment.

  10. 10

    Which type of financing does not include any ownership in the business?

  11. 11

    The income statement

  12. 12

    An unsecured loan does not have collateral.

  13. 13

    Income statements and balance sheets are only prepared for corporations.

  14. 14

    Collateral is property or assets used to guarantee repayment of a loan.

  15. 15

    Gross profit is the total of all expenses of a company.

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