sports & event marketing 1

which of the following is a start-up expense for maria's food truck

• cell phone bill

• gas

• kitchen appliances and other equipment needed to conduct her business

• all of the above

an example of an asset is

• time

• money

• a car

• all of the above

what is income

• income is payments you make to the government to pay for roads bridges and schools

• income is money you receive after paying taxes

• income is money you earn usually from working at a job

• income is payments you make to the federal government

what is the main difference between a personal characteristic and a skill

• you can learn a personal characteristic, but it is not possible to learn a skill

• personal characteristics become skills over time

• many people are born with business skills but you can't be born with characteristics

• skills can be learned and developed while personal characteristics are inherent qualities within

which of the following is not a creative thinking exercise entrepreneurs use to generate ideas

• thinking backward

• challenge the usual

• draw idea maps

• judge each idea as realistic or not

which of the following is an advantage of starting your own business

• during the start-up phase you do not have to think about funding

• you are in charge of the decision-making so there is little to no risk

• you have control over where and when you work

• as long as you make a business plan you will know what obstacles to expect

which of the following would not be considered a want

• a new pair of headphones

• designer shoes

• a warm winter coat

• your favorite candy

which of these is not part of a consumer profile

• buying patterns

• demographics

• polygraphics

• psychographics

which of the following is an example of a tax you must pay

• rentl payment

• social security

• bounced check

• late fee

which of the following is a variable expense

• student loan payments

• health insurance

• rental payments

• groceries