Which of the following is NOT a common method for financing startup businesses?
A) venture capital
B) credit cards
C) angel investing
D) going public
E) bartering
Answer: D
Explanation: D) A public stock offering is not a method to finance a startup, but it might be done for a small company that has attained a substantial measure of success.
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Prepaid accounts (also called prepaid expenses) are generally:
A. Classified as equity on the balance sheet. B. Assets that represent prepayments of future expenses. C. Payments made for products and services that never expire. D. Classified as liabilities on the balance sheet. E. Promises of payments by customers.
Keith Monroe nails hundreds of pieces of culled lumber in the blazing July sun to form a parquet deck for his barn roof. He and his assistant are clearly in:
A) The termination stage of the project life cycle. B) The planning stage of the project life cycle. C) The execution stage of the project life cycle. D) Way over their heads.
A minor may ratify an agreement while still a minor
Indicate whether the statement is true or false
When a speculator invests in a financial futures contract, the individual
A. enters a contract to make future delivery. B. enters a contract to accept future delivery. C. either enters a contract to make or to accept future delivery. D. hedges to reduce the risk of loss.