MGT 3310 - Chapter 7 Quiz
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____ is a formal written statement that describes in detail the idea for a new business and how it will be carried out.
Business plan
Which of the following is a characteristic of the entrepreneurial personality?
Ambitious
The two forms of business financing are _____ (borrowed funds) and _____ (ownership funds).
debt, equity
The person who takes the risk of starting and managing a business to make a profit is called a(n):
entrepreneur
Navim Jain sold stock to investors in order to finance Sparkart, LLC, a company that markets software to track how many times music is played and shared among peers. Jain used _____ financing.
equity
