Please just highlight in bold the correct answer under each question no need for explanation

Question 1

Which of the following is an indirect factor that effects the selection of form adopted for a business?

Tax issues

Expected profits or losses

Vulnerability and threat from lawsuits

Relationship that the owner would have with partners or investors

Ability to extract profits from the business for the owner's use Question 2 A general partnership is:

the most basic type of business organization in which there is only one owner.

a legal entity that must be chartered by the state in which it is headquartered, giving it the authority to enter into legal agreements with individuals and other corporations.

a special format designed to eliminate the problem of double taxation that one might find with a C-corporation format.

a business that may have several general partners and several more limited partners who do not have unlimited liability.

a business composed of two or more owners who contribute the initial capital of the business and share in the profits and any losses. Question 3 A C-corporation is:

a legal entity that must be chartered by the state in which it is headquartered, giving it the authority to enter into legal agreements with individuals and other corporations.

the most basic type of business organization in which there is only one owner.

a business composed of two or more owners who contribute the initial capital of the business and share in the profits and any losses.

a business that may have several general partners and several more limited partners who do not have unlimited liability.

an organizational form that can be limited to a single individual or several other owners or shareholders. Question 4 The S-corporation is:

a business composed of two or more owners who contribute the initial capital of the business and share in the profits and any losses.

a business that may have several general partners and several more limited partners who do not have unlimited liability.

a legal entity that must be chartered by the state in which it is headquartered, giving it the authority to enter into legal agreements with individuals and other corporations.

a special format that sets its limit to a hundred shareholders, although it can be created with just one shareholder.

an organizational form that can be limited to a single individual or several other owners or shareholders. Question 5 Which of the following is true about common stock?

Owners of common stock pledge some assets as collateral.

Owners of common stock have voting rights.

Owners of common stock remain under a legal obligation to repay the original debt plus interest.

Owners of common stock get a fixed amount of money within a given time frame while receiving interest payments on a regular basis.

Owners of common stock get a form of guaranteed dividend. Question 6 Which of the following is true of Small Business Administration (SBA)?

It involves no explicit obligation or expectation, on the part of the investors, to be repaid their investment.

It represents a legal obligation to repay the original debt plus interest.

It involves pledging some assets-such as a home, real estate, machinery, and plant-as collateral.

It specifies the amount of money to be repaid within a specific time frame for a specific interest rate.

It guarantees a portion of the loan to its partners that include private lenders, microlending institutions, and community development organizations. Question 7 Which of the following SBA loan programs aids companies negatively impacted by the North American Free Trade Agreement (NAFTA)?

Express and pilot program

Special-purpose loans program

Community express program

Export working capital program

Export express program Question 8 Which of the following SBA loan programs are designed to assist borrowers whose businesses are located in economically depressed regions of the country?

Express and pilot programs

Special-purpose loans programs

Community express programs

Export working capital programs

Export express programs Question 9 Which of the following SBA loan programs are designed to assist members of the US military who wish to create or expand a small business?

Express and pilot programs

Special-purpose loans programs

Community express programs

Patriot express loan programs

Export express programs

Question 10 Which of the following is a feature of the SBA and Ex-Im Bank Coguarantee Program?

It is an extension of the Export Working Capital Program and deals with expanding a business's export working capital lines up to $2 million.

It is designed to assist businesses that might have been adversely impacted by NAFTA.

It is designed to assist borrowers whose businesses are located in economically depressed regions of the country.

It is designed to assist members of the US military who wish to create or expand a small business.

It can provide for funds up to $500,000 worth of financing, which can be either a term loan or a line of credit. Question 11 Which of the following sources of fund acquisitions are promissory notes?

Equity financing

Stocks

Bonds

Internally generated funds

Trade credits Question 12 Trade credit involves:

no explicit obligation or expectation, on the part of the investors, to be repaid their investment.

purchasing supplies or equipment through financing made available by vendors.

pledging some assets-such as a home, real estate, machinery, and plant-as collateral.

guaranteeing a portion of the loan to partners that include private lenders, microlending institutions, and community development organizations.

business plan competitions hosted by colleges and universities or small business associations. Question 13

Which of the following is a reason for not increasing a business's financial leverage?

It can have a positive impact on the business's return on equity.

The business can be grown with someone else's money.

The interest on debt has a deductible nature.

It may lead to an inability to pay the interest on the debt.

It decreases a business's overall risk. Question 14 When considering a loan decision, bankers consider several factors which can be termed as the:

net present value (NPV) approach.

cost of capital approach.

breakeven analysis.

CAMPARI approach.

cloud computing approach. Question 15 A request for loan with the argument that having more money is better for the business than having less money does not conform to which of the following factors of the CAMPARI approach?

Means

Purpose

Amount

Insurance

Alliance Question 16 A breakeven analysis is used to:

determine the amount of sales volume a company needs to start making a profit.

utilize personal, family, or friends' money to start a business.

represent a legal obligation to repay original debt plus interest.

raise money by selling a certain share of the ownership of the business.

purchase supplies or equipment through financing made available by vendors. Question 17 Given that the total costs equal the fixed costs plus the total variable costs, this equation can now be extended as:

SP / Q = FC + TVC.

Q (SP - VC) = FC + TVC.

SP Q = FC + TVC.

SP / Q = TC.

SP Q = TC - FC. Question 18 Cost of capital is the:

amount of sales volume a company needs to start making a profit.

weighted average of a firm's debt and equity, where equity directly relates to a firm's stock.

legal obligation to repay original debt plus interest.

money raised by selling a certain share of the ownership of the business.

supply purchased through financing made available by vendors. Question 19 An accounting system where costs are assigned due to the cause-and-effect relationship between costs and the activity that drives the cost is known as:

activity-based costing system.

net present value (NPV) system.

breakeven analysis system.

CAMPARI activity system.

cloud computing system.

Question 20 Which of the following is a term that refers to having software programs and databases located on an outsourced site? Group of answer choices

Net present value (NPV)

Cost of capital

Breakeven analysis

CAMPARI approach

Cloud computing