Expected Cost to start a business

When starting a business it is important to consider the date your business earns a profit.

• True

• False

• Sometimes true, sometimes false

• I dont know

Cost of location is a type of:

• Operating Expenses

• Start- up costs

• Both

• None

Site preparation is type of:

• Start-up costs

• Operating expenses

• Both

• None of the above

Entrepreneurs incur ___________ when setting up a business and _________ during the everyday running of the business

• capital, operating costs

• start up costs, start up expenses

• operating expenses, start-up costs

• start-up costs, operating expenses

Advertising is a type of:

• Start-up costs

• operating expense

• Both

• None of the above

Deposit for utilities is a type of:

• Operating expense

• start-up costs

• both

• none of the above

Paying rent/mortgage is a type of:

• start-up costs

• operating expense

• Both

• None of the above

Loans is a type of:

• start-up costs

• operating expense

• both

• none of the above

Insurance is an example of which type:

• Operating expense

• start-up costs

• both

• None of the above

Entrepreneurs usually do not have to consider all expected costs to start their business.

• True

• False

• Sometimes true, sometimes false

• None of the above