Business Finance Review

Which of the following includes a list of the sources of capital and the projected income and expenses of the business?

• Executive Agenda

• Business Description

• Marketing Plan

• Financial Plan

Which of the following is typically the first section of a job application?

• Education and work experience

• Job-related questions

• References

• Personal Information

Which of the following forms boards to act as governing bodies and is the most complicated form of business?

• Corporation

• Sole Proprietorship

• Franchise

• Partnership

Which of the following is NOT one of the considerations to determine if you “have what it takes” to start a business?

• Finances

• Support

• Experience

• Family life

Which of the following is NOT a true statement about reconciling a bank statement?

• It involves matching up records with the information on the bank statement

• It is not necessary to ensure the balance is correct

• It can help catch any mistakes or even fraud

• It can help with understanding spending pattern

Which of the following is a deposit account held at a financial institution which allows withdrawals and deposits?

• Certificate of deposit

• Checking Account

• Savings Account

• Money market account

Which of the following are the grants of intellectual property rights to the inventor?

• Domain name

• Patent

• Trademark

• Copyright

With what office do owner(s) register the businesses name?

• Courthouse

• Small Business Administration

• Secretary of State

• Office of Comptroller

A checking account is also known as

• transaction account

• debit account

• money market account

• none of the above

Which section of the business plan identifies a target market?

• Market analysis

• Organization and management

• Marketing and sales

• Service and/or product line