Everfi Venture Review

Which of the following is an example of a tax you must pay?

• Bounched check

• Late fee

• Rental payment

• Social Security

Which of the following is an example of a tax?

• Line of credit

• Rental payment

• Cash payment

• Medicare

What are taxes?

• Taxes are sources of income

• Taxes are optional payments you make to state and local government

• Taxes are refunds you receive for overpayment

• Taxes are mandatory payments you make to state and local governments

When is a budget considered to be balanced?

• When the amount you earn is equal or less than the amount you spend.

• When the amount you spend is greater than the amount you earn.

• When the amount you save is less than the amount you spend.

• When the amount you spend is equal or less than the amount you earn.

Whic h of the following is a variable expense?

• Student loan payments

• Rental payments

• Health insurance

• Groceries

Which of the following is not a fixed expense?

• Rental payment

• Internet service

• Cell phone bill

• Movie Tickets

Which of the following is NOT necessarily a characteristic of successful entrepreneurs?

• Creativity & Collaboration

• Comfort with Risk

• Aggressiveness & Intensity

• Initiative & Self-Direction

What is the definition of an entrepreneur?

• An entrepreneur is someone who manages a business.

• An entrepreneur is someone who owns a business and makes profit from that business

• An entrepreneur is someone who creates, owns and potentially runs a business

• None of the above

Which of the following is NOT true about an entrepreneur?

• An entrepreneur gets to act as his own boss.

• An entrepreneur's salary is evaluated based on his ability to complete the tasks assigned to him.

• An entrepreneur has ownership in the business.

• An entrepreneur is responsible for the success of their business.

Which of the following is NOT a true statement about business plans?

• They should never be revised.

• They can help lower the risk of starting a new business.

• They are created before starting a business.

• They should include an overview of your business goals and how you think you are going to achieve them.