With regard to investment in start-ups, investment by _____ is considered as informal investment.
13.Which of the following nations has the lowest level of VC investment, as a percentage of GDP, in the world?
b.The United States
14.Which of the following nations has the highest level of informal investment, as a percentage of GDP, in the world?
15.Microfinance provides micro loans used to:
b.pay car loans.
c.start small businesses.
16.Which of the following supports the notion that most new ventures in China are financed by friends and family?
a.Informal investments are outlawed in China.
b.China lacks formal market-supporting institutions.
c.Credit reporting agencies are abundant in China.
d.Venture capitalists are the biggest investors for entrepreneurship in China.
17.The term for a global movement to help eradicate poverty by lending small sums used to start small businesses is referred to as _____.
a.foreign direct investments
c.venture capital investment
18.International new ventures are also referred to as _____.
a.born global firms
19.Which of the following is one of the methods by which entrepreneurial firms internationalize by entering foreign markets?
a.Harvest and exit
20.____ is the sale of products made by entrepreneurial firms in their home country to customers in other countries.
b.Letters of credit
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