The Moneyverse

Which is the top reason why the startups fail?

• No market need

• Pricing and Costs Issues

• Running out of liquidity

• Other issues

Answer explanation

Data Source: CB Insights

And speaking of startups, which are the functions of a Finance department in a startup? (Mark all that apply)

• Cash Management - Tracking liquidity

• Forecasting and budgeting

• Analysis and reporting

• Compliance - Risk, legal...

Which is NOT a COGS / variable cost? (Mark all that apply)

• Server costs used for hosting the Cartier project

• Server costs for developing our platform

• Software subscription or licence to be used in 3 projects specifically

• Hardware used by a freelancer for a single project

Which is an example of a fixed cost? (Mark all applicable)

• The salary of a freelancer working for a specific project

• The suscription of ClickUp

• Hardware that is going to be used for all Journee projects

• This offsite event

Which of the following could be a budget officer tasks?

• The person in charge for following up weekly expenses

• The person who will approve the expenses for a certain bucket such as a certain department or type of expense

• The point of contact of the finance team for budgeting purposes

• The person who will track the expenses carried out in the whole year

Why is finance team pushing so much with the invoices? (Mark all applicable)

• Pleo requires us to do so

• It is Rafa's job, but he is lazy and he does not want to do it

• It helps the finance department in case of an audit assessment

• To avoid fraudulent or misleading transactions

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