
Business Foundations Chapter 5
Authored by Nancy Harris
Business
9th - 12th Grade
Used 26+ times

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An effective financial plan involves all the following EXCEPT
identifying assets
assigning costs
developing advertising
determining required capital
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a one-time startup cost is ______.
permits
rent
maintenance
insurance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of an asset unique to a particular business is ____.
cash registers
carpeting
lighting
hydraulic lifts
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The final step in calculating how much money is needed to start a business is to prepare a ____.
list of start-up costs
statement of required start-up capital
projected balance sheet
statement of cash flows
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One of the most common reasons that new businesses fail is ____.
insufficient start-up capital
unrealistic marketing plans
an increase in fixed expenses
inflation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a variable expense is _____.
rent
insurance premiums
interest on loans
advertising costs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a variable expense that is unaffected by sales is _____.
wages
supply costs
utilities
repairs
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