Question 41 (2 points) A typical business plan should include which of following sections? a) Management team b) Business description OC) Financial plans and projections d) Risks and opportunities e) All of the above Question 42 (2 points) Which of the following accounts is NOT included in income statement? a) Sales (or revenue) a) b) Taxable income (or earnings before taxes) c) Net income d) Retained earnings Previous Page Next Page Page Question 43 (3 points) Find the right type of financing for each life cycle stage Rapid-growth stage 1. Seed financing Development stage 2. First-Round financing Startup stage Early-maturity stage 3. Startup financing Bank loans, sales of bonds and 4. stocks Mezzanine financing and second- round financing 5. V Survival stage Previous Page Next Page D40 CE Question 44 (3 points) Find the form of business organization that best fits each of following statements. It offers the easiest transfer of ownership The form of organization that our discussion article highly recommended to new ventures 1. Corporation 2. Proprietorship Business owners may face double taxation 3. LLC It takes the shortest time and lowest legal costs to start a business Previous Page Next Page Page 44 of 55 Question 45 (3 points) Match the description with the right type of financing 1. financial bootstrapping 2. venture capital Funding that doesn't need to pay back or share ownership Investors provide funding to new ventures and ask for shares of ownership and high investment return Ways to minimize the need for funding Purchase raw materials on credit and pay cash later 3. government grants 4. trade credit Previous Page Next Page Page 45