Unlike entrepreneurs of the past, today's entrepreneurs:
A) are finding more government interest and funding for business start-ups than ever before.
B) find fewer closed doors as small business start-ups have become less risky.
C) have to piece their capital together from several sources.
D) are spending nearly 75% of their time raising capital.
Answer: C
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The CFO at SmithKlone Company receives a lump sum payment from a foreign vendor of 2,000 euros and intends to convert them to US$. When she calls her currency broker, the quote given is €.6250-.6667/US$
What can she expect to realize in US$ from the broker? A) $3,200 B) $3,000 C) $1,250 D) $1,334
Growing-equity mortgages (GEMs)
A) help the borrower pay off the loan in a shorter time. B) have such low payments in the first few years that the principal balance increases. C) offer borrowers payments that are initially lower than the payments on a conventional mortgage. D) do all of the above. E) do only A and B of the above.