Question

Tressie’s niece wants to open a boutique household goods store. Tressie has read her business planand is quite impressed. She is considering acting as an angel investor and giving her niece the $10,000she needs to secure the retail space and some of the inventory for her store. What kind of budgetshould Tressie ask to see before making her final decision?
(1 point)
cash budget
start-up budget
operating budget
sales forecast budget
A)
Trevon is opening a cookie bakery in his small town. He is saving the funds he needs to open hisbusiness and is considering crowdsourcing the last $10,000. What should he offer investors?
(1 point)
money back with interest
a percentage of his business
a gift certificate for his business
Nothing—they are donating money.

Answer 1

1) Start-up budget — it shows the one-time costs to open the store (space, inventory, equipment).
2) A gift certificate for his business — typical reward-based crowdfunding offers rewards (products/certificates) rather than equity or loans.