Financials Preparation Quiz
Authored by Gregor Gojkošek
Professional Development
1st Grade
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of understanding your idea before preparing financials?
To increase the competition's funding
To impress the adjudicating panel
To confuse the audience
To define your fresh idea clearly
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is conducting extensive market research important for financial preparation?
To waste time and resources
To increase the number of competitors
To understand the relevance and demand of your idea
To avoid participating in the competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should be considered when thinking about the pricing strategy?
The number of mentors available
The potential customers and their profile
The number of competitors in the market
The number of breakout rooms available
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of breaking down the costs in the cost analysis?
To confuse the audience
To avoid seeking guidance from mentors
To make the financials look complicated
To set a realistic price against the costs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to think about funding needs for the idea?
To impress the audience
To understand the potential risks
To avoid adapting the financials based on feedback
To be able to start and sustain the idea
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should be considered when preparing the sales forecast?
Avoiding adaptability based on feedback
Being very ambitious in the estimates
Being very conservative in the estimates
Avoiding seeking guidance from mentors
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to think about risk analysis in financial preparation?
To avoid preparing for the presentation
To impress the adjudicating panel
To think through every potential scenario and its impact on the financials
To avoid seeking guidance from mentors
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