9.7: Review Questions
What are the different stages in a company’s lifecycle?
2 .How do financing requirements change at different stages of a company’s lifecycle?
3 .What are the two most common categories of financing available to an entrepreneur?
4 .What is the Small Business Administration?
5 .What is an SBA loan?
6 .What is a charitable organization?
7 .What is a sustainable funding strategy?
8 .What is social entrepreneurship?
9 .What is crowdfunding?
10 .What is bartering?
11 .What does the term bootstrapping mean in terms of startups?
12 .What purpose does an accounting system serve?
13 .What key terms are used in the accounting equation?
14 .How does accounting differ from finance?
15 .What are the basic financial statements? What information do they provide?
16 .What are projections used for?
17 .What is a break-even point?