{"id":2890,"date":"2023-02-22T21:42:37","date_gmt":"2023-02-22T21:42:37","guid":{"rendered":"https:\/\/course.oeru.org\/ient103\/?page_id=2890"},"modified":"2023-02-22T21:42:37","modified_gmt":"2023-02-22T21:42:37","slug":"quiz","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/ient103\/learning-pathways\/financing-a-new-start-up\/quiz\/","title":{"rendered":"Quiz"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<p>\n<\/p>\n<div class=\"floatright\"><a href=\"https:\/\/wikieducator.org\/File:Test_sign.jpg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"Test sign.jpg\" src=\"\/\/wikieducator.org\/images\/thumb\/e\/eb\/Test_sign.jpg\/320px-Test_sign.jpg\" width=\"320\" height=\"226\" class=\"img-responsive\"><\/a><\/div>\n<p>The questions which follow provide a basic knowledge test of selected concepts covered in this learning pathway: <i>Financing a new start-up<\/i>.<\/p>\n<p>The questions published at the end of each learning pathway are re-used for the knowledge test for learners interested in earning a digital badge or certificate of participation for the <i>Financing a business start-up<\/i> (IENT103) micro-course. Please consult the <a href=\"https:\/\/wikieducator.org\/Introduction_to_entrepreneurship\/IENT103\/Assessment\/Certify_participation\" title=\"Introduction to entrepreneurship\/IENT103\/Assessment\/Certify participation\">Certify participation page<\/a> for more information.<br style=\"clear:both;\">\n<\/p>\n<div class=\"panel iDevice WEquizMultipleChoice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"assessment\" src=\"https:\/\/course.oeru.org\/ient103\/wp-content\/themes\/oeru_course\/idevices\/Icon_qmark.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>True - false questions<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t\n<p>Indicate whether the following statements are true or false:\n<\/p>\n<ul>\n<li>In the course materials for IENT103, four main categories for financing a business are specified.\n<ul>\n<li>True\n<ul>\n<li>Incorrect. IENT103 specifies two main categories for financing a business: debt funding and equity funding.\n<\/li>\n<\/ul>\n<\/li>\n<li>False\n<ul>\n<li>Yes, that\u2019s correct.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>Debt funding is when investors provide money in exchange for a share of a company.\n<ul>\n<li>True\n<ul>\n<li>Incorrect. Debt funding is when you borrow money from a bank or finance company.\n<\/li>\n<\/ul>\n<\/li>\n<li>False\n<ul>\n<li>Yes, that\u2019s correct.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>A capital raise is a process when a company issues new shares in exchange for cash.\n<ul>\n<li>True\n<ul>\n<li>Yes, this is true.\n<\/li>\n<\/ul>\n<\/li>\n<li>False\n<ul>\n<li>Incorrect. This is known as a capital raise.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>A start-up business rarely begins without some form of funding.\n<ul>\n<li>True\n<ul>\n<li>Correct. Well done.\n<\/li>\n<\/ul>\n<\/li>\n<li>False\n<ul>\n<li>Incorrect. The owner of the start-up may be able to use personal savings, but, in most cases, other funding will be needed.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/p>\n<p>\n<\/p>\n<div class=\"panel iDevice WEquizMultipleChoice WEquizMix\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"assessment\" src=\"https:\/\/course.oeru.org\/ient103\/wp-content\/themes\/oeru_course\/idevices\/Icon_qmark.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Multiple choice questions<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t\n<ul>\n<li>Which ONE of these statements about crowdfunding is FALSE?\n<ul>\n<li>Crowdfunding is the use of small amounts of money from a large number of individual people, in order to raise funding for a start-up business idea.\n<ul>\n<li>This is true.\n<\/li>\n<\/ul>\n<\/li>\n<li>Crowdfunding uses social media and special websites to connect entrepreneurs with potential investors\n<ul>\n<li>This is true. Example websites include Kickstarter, GoFundMe, and Indiegogo.\n<\/li>\n<\/ul>\n<\/li>\n<li>Crowdfunding can be achieved through concerts or other similar public events\n<ul>\n<li>Well done! This is false. Crowdfunding is internet-based, using social media and other web platforms to spread the word about investment opportunities.\n<\/li>\n<\/ul>\n<\/li>\n<li>Many crowdfunding projects provide rewards of some kind based on level of the contribution, such as a gift \/ product sample(s), or the opportunity to participate in the launch of a new product\n<ul>\n<li>This is true.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>Which ONE of the following is the best description of seed capital:\n<ul>\n<li>Seed capital is a low-risk investment\n<ul>\n<li>No, this is incorrect. Seed funding is typically high risk.\n<\/li>\n<\/ul>\n<\/li>\n<li>Seed capital is the initial money used to finance a new business or new product\n<ul>\n<li>Yes, that\u2019s right. Seed capital might come from personal savings, and\/or from friends or family.\n<\/li>\n<\/ul>\n<\/li>\n<li>Seed capital is another name for Venture capital\n<ul>\n<li>No, this is incorrect. They can sometimes overlap, but venture capital is usually a more significant investment once a viable product concept has been proved, rather than initial investment in a start-up business.\n<\/li>\n<\/ul>\n<\/li>\n<li>Seed capital is typically one of seven phases for a start-up business raising finance\n<ul>\n<li>No, this is incorrect. A start-up generally goes through four distinct phases of investment before it is considered an established business.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>Which ONE of the following statements about Angel Investors is INCORRECT?\n<ul>\n<li>Angel investors are individuals who invest money in start-up businesses\n<ul>\n<li>This statement is correct.\n<\/li>\n<\/ul>\n<\/li>\n<li>Angel investors typically require equity or convertible debt in return for their investment\n<ul>\n<li>This statement is correct.\n<\/li>\n<\/ul>\n<\/li>\n<li>Angel investors know that this type of investment is typically high risk\n<ul>\n<li>This statement is correct.\n<\/li>\n<\/ul>\n<\/li>\n<li>Angel investors look after a pool of money from other investors, and choose which business opportunities to finance on their behalf.\n<ul>\n<li>You\u2019re right! This is incorrect.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>Which ONE of the following statements about business loans is FALSE?\n<ul>\n<li>Business loans can be used to purchase equipment, vehicles, and\/or property, and to cover other expenses\n<ul>\n<li>This statement is correct.\n<\/li>\n<\/ul>\n<\/li>\n<li>Borrowers usually have to pay a set-up or establishment fee for any business loan\n<ul>\n<li>This statement is correct. It is sometimes called an origination or administration fee.\n<\/li>\n<\/ul>\n<\/li>\n<li>Business loans can be offered with a fixed or variable interest rate\n<ul>\n<li>This statement is correct.\n<\/li>\n<\/ul>\n<\/li>\n<li>A business loan secured by collateral is usually under a higher rate of interest than a loan without collateral.\n<ul>\n<li>You\u2019re right! This is incorrect. A loan against collateral usually has a lower rate of interest than an unsecured loan.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/p>\n<p>\n<\/p>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.055 seconds\nReal time usage: 0.060 seconds\nPreprocessor visited node count: 280\/1000000\nPreprocessor generated node count: 1206\/1000000\nPost\u2010expand include size: 29524\/2097152 bytes\nTemplate argument size: 20437\/2097152 bytes\nHighest expansion depth: 10\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:185373-0!*!0!*!*!2!* and timestamp 20230222214236 and revision id 1067317\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/ient103\/learning-pathways\/financing-a-new-start-up\/outputs-financing-learning-challenge\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/ient103\/learning-pathways\/valuing-a-new-start-up\/overview\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Introduction_to_entrepreneurship\/IENT103\/Financing\/Quiz\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"f2862dfb69342526a9d72324b7407a9c\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Introduction_to_entrepreneurship\/IENT103\/Financing\/Quiz\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"f2862dfb69342526a9d72324b7407a9c\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>The questions which follow provide a basic knowledge test of selected concepts covered in this learning pathway: Financing a new start-up. The questions published at the end of each learning pathway are re-used for the knowledge test for learners interested in earning a digital badge or certificate of participation for the Financing a business start-up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2874,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2890","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/pages\/2890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/comments?post=2890"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/pages\/2890\/revisions"}],"predecessor-version":[{"id":2891,"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/pages\/2890\/revisions\/2891"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/pages\/2874"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/media?parent=2890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}