POB Ch 17 Review

POB Ch 17 Review

10th - 12th Grade

25 Qs

quiz-placeholder

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POB Ch 17 Review

POB Ch 17 Review

Assessment

Quiz

Business

10th - 12th Grade

Medium

Created by

INGRID YANCEY

Used 4+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purpose of a financial plan is to

project future income.
see if there is enough money to start the business.
describe the assets that need to be purchased to start a business.
all of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main reason start-up capital can be hard to obtain is because

there is no track record to prove the venture will be successful.
money is scarce.
assets are needed.
of high interest rates.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Operating expenses include

remodeling costs.
security deposits.
utility bills.
legal permits.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial records can be managed by

the owner.
a hired professional.
a qualified employee.
all of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unplanned growth

yields unplanned income.
can be rewarding.
can be chaotic.
builds a business faster.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A plan for the amount the business owner spends on a daily, weekly, or monthly basis is a(n)

start-up budget.
current budget.
cash budget.
operating budget.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting includes all of the following except

creating financial transactions.
collecting financial transactions.
recording financial transactions.
reporting financial transactions.

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