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Financial Analysis for Entrepreneurs

Authored by Chris Dorman

Other, Specialty

10th - 12th Grade

Used 193+ times

Financial Analysis for Entrepreneurs
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30 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An understanding of financial concepts will help entrepreneurs:  

control business expenses.
recruit better employees.

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What could happen to the business if the entrepreneur does not act ethically in all areas of the business, particularly in finance?

The business would likely increase customer satisfaction and customer retention.
The business would likely experience legal consequences and closure of the business. 

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Some businesses can be started on a shoestring budget, while others may require considerable investment in inventory or equipment.

True
False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Every business has the same specific cash needs regardless of the stage of development of that business.

True
False

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When it comes to money and the cost of starting a new business, the entrepreneur should plan for the unexpected.

True
False

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In order to determine startup costs, the entrepreneur must first identify all:

expenses 
suppliers
competitors
profits

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

These are long-term investments in land, buildings, and equipment.

Operating Expenses
Capital Expenses

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