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MaStErT927 asked:


This is just a couple of questions from a big test so don’t say i didn’t try

1. What is an entrepreneur? (1 point)

a sole proprietorship
a corporation
one who opens a new business
a bank that loans money

2. Which of the following is the best definition of probable operating costs? (1 point)

Amount of money required to start a business
Amount of money required to market a business
Amount of money required to purchase business equipment
Amount of money required to keep a business running

3. What may be offered to clients when banks find the risk too high? (1 point)

Proprietary money
Private money
Personal money
Partnership money

4. Which of the following is a start-up cost associated with opening a business? (1 point)

Equipment
Legal fees/Licensing
Insurance
All of the above

5. What is a term used widely among real estate investors to refer to non-traditional means of real estate financing, or financing techniques not commonly used? (1 point)

Common financing
Capital financing
Leverage financing
Creative financing

6. What does OPM stand for in leveraging OPM? (1 point)

Organizational profit management
Other profit means
Other people’s money
Organizational profit marketing

7. Generally, a loan obtained from a bank will be a loan. (1 point)

Taxed
Term
Variable
Collateral-free

8. Which of the following is not a type of retail bank? (1 point)

Bond bank
Private bank
Offshore bank
Ethical bank

9. What type of banks were traditionally banks which engaged in trade financing? (1 point)

Private
Merchant
Ethical
Offshore

10. Which of the following is an example of an unsecured bank loan? (1 point)

Credit card debt
Bank overdrafts
Corporate bonds
All of the above

rastafari_ganja_mon asked:


1. WERT Inc. needs short-term financing for the next 3 months. WERT has $600,000 average inventory level. ASDF Bank offers an inventory loan at 80 percent of the pledged inventory at 9 percent interest. There will be a $6,500 processing fee. In addition, there will be a 1.5% of inventory handling fee.
a. Find the loan amount
b. Find the compensating balance
c. Find the interest amount
d. Find the effective annual rate