'f) What is the basic accounting equation? 8) What is the reliability concept? 9) What are current assets and current liabilities 10) What is an NR aging? 11) What is the matching principle. historical concept? 12) What is EBITDA? 13) How is a pre-revenue start-up valued? 14) The higher the discount rate the lower the present value 15) IRR is the discOunt rate that causes the sum of the present values to equal zero 16) Understand payback 17) What does scale mean in the context of a start-up company 13) Why are investors looking for large market potential? 19) How does an investor exit? 20) What is operating leverage? 21) In projecting future cash ows you start with? 22) Know the various business models 23) What is sales leverage? 24) What is the background of most CEOs