1.The most essential part of securing venture capital funding is undergoing through ________, which refers to the process of investigating the merits of a potential venture and reviewing the key claims made by the business plan. a. fit diligence b. due diligence c. prior diligence d. appropriate diligence

2.The unique value provided by business angels is: a. they normally invest capital but may not sit on a company's board of directors. b. they are willing to invest a relatively small amount of money. c. they expect a low rate of return on their investment. d. they are willing to invest a significant amount of money.

3.Which statement with respect to business angels is not correct? a. Business angels are beneficial because they are eager to make modest investments. b. In an annual basis, business angels invest in more startups than venture capitalists. c. Over the past decade, the number of angel investors has plummeted sharply. d. Business angels usually serve on the boards of directors of the companies in which they participate.

4.A case in which one does something that is useful to oneself or the organization but may be immoral is referred to as an/a: a. ethical predicament b. principled quandary c. ethical quandary d. ethical dilemma

5.Which of the following does not belong to one of the five phases of an organization's life cycle? a. Developing b. Decline c. Introduction d. Early growth