Start-up Costs and Operating Expenses Quiz

What are start-up costs?

• Expenses incurred during the process of creating a new business

• Expenses incurred during the normal business operations

• Expenses for advertising before the business opens

• Expenses for professional services

Which of the following is considered a start-up cost?

• Rent/Mortgage

• Loans

• Inventory

• Delivery and installation

What is an operating expense?

• Expenses incurred during the process of creating a new business

• Expenses incurred during the normal business operations

• Expenses for advertising before the business opens

• Expenses for professional services

Which of the following is considered an operating expense?

• Cost of location

• Fees for professional service

• Repairs and maintenance

• Business licenses and permits

What is included in start-up costs?

• Rent/Mortgage

• Loans

• Inventory

• Site preparation

Which of the following is not a start-up cost?

• Deposit for utilities

• Advertising fees

• Business licenses and permits

• Salaries

What is included in operating expenses?

• Delivery and installation

• Fees for professional service

• Repairs and maintenance

• Business licenses and permits

What is the difference between operating expenses and start-up costs?

• Operating expenses are incurred during the normal business operations, while start-up costs are expenses incurred during the process of creating a new business.

• Operating expenses are expenses for advertising before the business opens, while start-up costs are expenses incurred during the normal business operations.

• Operating expenses are expenses incurred during the process of creating a new business, while start-up costs are incurred during the normal business operations.

• Operating expenses are expenses for professional services, while start-up costs are expenses incurred during the normal business operations.

What are the common examples of start-up costs?

• Rent/Mortgage

• Loans

• Inventory

• Site preparation

Which of the following is not included in operating expenses?

• Delivery and installation

• Fees for professional service

• Repairs and maintenance

• Business licenses and permits