Final Exam - Spring 2025

Front

Luis runs a small catering business and often struggles to cover payroll, even though sales are steady. What financial issue is Luis most likely facing?

Back

Insufficient cash flow

Front

Which of the following would be considered a fixed cost in a business?

• Packaging per unit
• Rent for office space
• Sales commission
• Credit card fees

Back

Rent for office space

Front

Jasmine sells custom candles for $25 each. Her materials and labor cost $15 per candle. What is her gross profit per unit?

Back

$10

Front

What is another term for an Income Statement?

Back

Profit & Loss Statement

Front

A new startup spends $5,000 on logo design and legal registration before launch. These are examples of:

Back

Startup costs

Front

Which expense fluctuates based on production output? Options: Monthly rent, Equipment insurance, Cost of raw materials, Web hosting subscription

Back

Cost of raw materials

Front

What document should a small manufacturer review to understand where cash is being spent across operations?

Back

Cash flow statement

Front

Which component is NOT typically found in a cash flow statement? Options: Cash from operations, Cash from investing, Cash from promotions, Cash from financing

Back

Cash from promotions

Front

What is the primary purpose of an operating budget?

Back

Forecast daily spending

Front

In the Lean Canvas, the “Unique Value Proposition” answers:

Back

Why customers should choose us