Test Bank for Entrepreneurial Finance, 7th Edition by Chris Leach
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Module
Entrepreneurial Finance
Institution
Entrepreneurial Finance
Test Bank for Entrepreneurial Finance 7e 7th Edition by Chris Leach, Ronald W. Melicher
ISBN-13: 2043
Full Chapters test bank included
PART 1: The Entrepreneurial Environment
CHAPTER 1: Introduction to Finance for Entrepreneurs
1.1 The Entrepreneurial Process
1.2 Entrepreneurship Fundamen...
Indicate whether the statement is true or false.
1. In the early 1970s, Harry Dent recognized that the U.S. economy centered on the creation and distribution of
information.
a. True
b. False
2. Nearly half of business failures are due to economic factors such as inadequate sales, insufficient profits, and
industry weakness.
a. True
b. False
3. Private financial markets are a place where standardized contracts or securities are traded on organized
securities exchanges with restrictions on how they can be transferred.
a. True
b. False
4. One principle of entrepreneurial finance is “risk and expected reward go hand in hand."
a. True
b. False
5. Entrepreneurs provide the financing to individuals who think, reason, and act to convert ideas into commercial
opportunities and create opportunities.
a. True
b. False
6. Financial distress occurs when cash flow is insufficient to meet current debt obligations.
a. True
b. False
7. The me-first economy reflects the willingness of individuals to share their assets with others to provide a new
way of distributing goods and services.
a. True
b. False
8. The sharing economy refers to the cross-referencing of innovations for record-keeping purposes.
a. True
b. False
9. Mezzanine financing is temporary financing needed to keep the venture afloat until the next offering.
a. True
b. False
10. Mark Twain once said, “I was always able to see an opportunity before it became one.”
a. True
b. False
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