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Understanding Financial Resources for Business

Understanding Financial Resources for Business

Assessment

Flashcard

Business

12th Grade

Practice Problem

Hard

Created by

Christian Obe

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

Which of the following is a source of finance for a business? Bank overdraft, personal savings, venture capital, all of the above.

Back

All of the above.

2.

FLASHCARD QUESTION

Front

What is the primary purpose of calculating start-up costs?

Back

To estimate the initial investment required.

3.

FLASHCARD QUESTION

Front

Which of the following is considered a fixed cost? Raw materials, rent, utility bills, commission on sales.

Back

Rent.

4.

FLASHCARD QUESTION

Front

Variable Cost

Back

A cost that changes with the level of output.

5.

FLASHCARD QUESTION

Front

What is a key component of cash flow management?

Back

Monitoring cash inflows and outflows.

6.

FLASHCARD QUESTION

Front

What is an example of a funding option for businesses?

Back

Equity financing

7.

FLASHCARD QUESTION

Front

How do you calculate the total start-up costs for a business?

Back

Sum all initial expenses required to start the business.

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