FINOPS FINAL EXAM EXAM WITH
COMPLETE DETAILED QUESTIONS
AND CORRECT VERIFIED
, Private investors who fund start-up businesses are called - ANSWERAngel Investors
A(n) is a written statement of goals and objectives for a business with a strategy to
achieve them. - ANSWERBusiness Plan
The movement of money into and out of a business is called . - ANSWERCash Flow
is an asset pledged that will be claimed by a lender if the loan is not repaid. -
ANSWERCollateral
A person who starts a new business or purchases an existing business is a(n) -
ANSWEREntrepreneur
Capital brought into a business in exchange for a percent of ownership in the business
is called - ANSWEREquity Financing
are critical skills necessary to perform the required work-related tasks of a position -
ANSWERJob-Specific Skills
is someone with experience who can provide advice, suggestions, and ideas -
ANSWERMentor
the process of gathering and analyzing of information about a business -
ANSWERMarket Research
is a sentence in a business plan that describes the purpose of the business -
ANSWERMission Statement
outlines how company decisions are made - ANSWERPolicy
How a business identifies the hierarchy of the employees within a business -
ANSWEROrganizational structure
The authority structure of a company from the highest to the lowest levels is called the -
ANSWERChain of Command
the process of controlling and making decisions about a business -
ANSWERManagement
plans are created for the long-term goals of an organization - ANSWERStrategic Plans
The process of recruiting, hiring, training, evaluating, and compensating employees is
called - ANSWERStaffing
COMPLETE DETAILED QUESTIONS
AND CORRECT VERIFIED
, Private investors who fund start-up businesses are called - ANSWERAngel Investors
A(n) is a written statement of goals and objectives for a business with a strategy to
achieve them. - ANSWERBusiness Plan
The movement of money into and out of a business is called . - ANSWERCash Flow
is an asset pledged that will be claimed by a lender if the loan is not repaid. -
ANSWERCollateral
A person who starts a new business or purchases an existing business is a(n) -
ANSWEREntrepreneur
Capital brought into a business in exchange for a percent of ownership in the business
is called - ANSWEREquity Financing
are critical skills necessary to perform the required work-related tasks of a position -
ANSWERJob-Specific Skills
is someone with experience who can provide advice, suggestions, and ideas -
ANSWERMentor
the process of gathering and analyzing of information about a business -
ANSWERMarket Research
is a sentence in a business plan that describes the purpose of the business -
ANSWERMission Statement
outlines how company decisions are made - ANSWERPolicy
How a business identifies the hierarchy of the employees within a business -
ANSWEROrganizational structure
The authority structure of a company from the highest to the lowest levels is called the -
ANSWERChain of Command
the process of controlling and making decisions about a business -
ANSWERManagement
plans are created for the long-term goals of an organization - ANSWERStrategic Plans
The process of recruiting, hiring, training, evaluating, and compensating employees is
called - ANSWERStaffing
