Biz Innovator Startup - Crunching the Numbers

Biz Innovator Startup - Crunching the Numbers

Assessment

Flashcard

Business

9th - 12th Grade

Hard

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16 questions

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1.

FLASHCARD QUESTION

Front

Entrepreneurs pay for these expenses once, at the beginning of a business, and often include things like equipment, the initial lease for the building, goods to sell, and utility hookups.

Back

Start Up Costs

2.

FLASHCARD QUESTION

Front

These expenses are paid regularly, and often includes things like payroll, rent, inventory, and marketing.

Back

On Going Costs

3.

FLASHCARD QUESTION

Front

This process is used to plan for upcoming revenues and expenses.

Back

Budgeting

4.

FLASHCARD QUESTION

Front

Net profit or loss is shown on this financial document: Income Statement, Cash-Flow Plan, Balance Sheet, Equity Statement.

Back

Income Statement

5.

FLASHCARD QUESTION

Front

The amount, or percentage, added to the costs of a product to arrive at the selling price.

Back

Mark Up

6.

FLASHCARD QUESTION

Front

A ratio that compares the gain or loss from an investment relative to its cost.

Back

ROI

7.

FLASHCARD QUESTION

Front

A financial document that explains how cash is being used during a period of time.

Back

Cash-Flow Statement

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