Chapter 6 Review

Private investors who fund start-up businesses are called ____.

A(n) ____ is a written statement of goals and objectives for a business with a strategy to achieve them.

The movement of money into and out of a business is called ____.

____ is an asset pledged that will be claimed by a lender if the loan is not repaid.

A person who starts a new business or purchases an existing business is a(n) ____.

Capital brought into a business in exchange for a percent of ownership in the business is called ____.

____ are critical skills necessary to perform the required work-related tasks of a position.

A ____ is someone with experience who can provide advice, suggestions, and ideas.

____ is the process of gathering and analyzing of information about a business.

The ____ is a sentence in a business plan that describes the purpose of the business.