CEF — Certificate in Entrepreneurial Finance Entrepreneur Practice Questions

An entrepreneur faces unexpected operational expenses. What should be the priority for managing this situation?

• AA. Increase sales urgency
• BB. Delay payments
• CC. Cut marketing completely
• DD. Review budget adjustments

An entrepreneur needs funding for expansion. Which is the most effective source of financing?

• AA. Crowdfunding
• BB. Savings account
• CC. Family loans
• DD. Personal credit card

An entrepreneur discovers potential fraud in the accounting records. What should be the first step?

• AA. Conduct an internal audit
• BB. Change accounting software
• CC. Ignore it
• DD. Notify the police