Practice Sources Of Funding (4.6.2) - Entrepreneurial Skills – IV

Practise this section

9 questions

Flashcard drill
4 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
Sign up to start the exercise
Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
Sign up to start the quiz

6 sample questions

Question 1.
What is self-funding?
Show hintHide hint
Think of your own money.
Question 2.
Name one source of funding from family.
Show hintHide hint
Consider who you might ask for help.
3Question 3.
What is the primary advantage of self-funding?
- Complete control
- Access to large sums
- Less personal risk
Show hintHide hint
Think about ownership and decision-making.
4Question 4.
True or False: Crowdfunding guarantees financial success for every project.
- True
- False
Show hintHide hint
Consider the nature of funding campaigns.
Question 5.
You are starting a tech company and need $100,000. Given the pros and cons of each funding source discussed, list three options with their respective strengths and weaknesses.
Show hintHide hint
Use the previously discussed points on each funding source.
Question 6.
Create a scenario that illustrates a successful crowdfunding campaign and what made it work.
Show hintHide hint
Consider what attracts backers to a crowdfunding campaign.

5 more questions in this section. Enroll free to practise them all.