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Entrepreneurial Finance 7th Edition By Leach Melichar TEST BANK

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Indicate whether the statement is true or false. 1. In the early 1970s, Harry Dent recognized that the U.S. economy centered on the creation and distribution of information. a. True b. Fals... e 2. Nearly half of business failures are due to economic factors such as inadequate sales, insufficient profits, and industry weakness. a. True b. False 3. Private financial markets are a place where standardized contracts or securities are traded on organized securities exchanges with restrictions on how they can be transferred. a. True b. False 4. One principle of entrepreneurial finance is “risk and expected reward go hand in hand." a. True b. False 5. Entrepreneurs provide the financing to individuals who think, reason, and act to convert ideas into commercial opportunities and create opportunities. a. True b. False 6. Financial distress occurs when cash flow is insufficient to meet current debt obligations. a. True b. False 7. The me-first economy reflects the willingness of individuals to share their assets with others to provide a new way of distributing goods and services. a. True b. False 8. The sharing economy refers to the cross-referencing of innovations for record-keeping purposes. a. True b. False 9. Mezzanine financing is temporary financing needed to keep the venture afloat until the next offering. a. True b. False 10. Mark Twain once said, “I was always able to see an opportunity before it became one.” a. True b. False [Show More]

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