Ent II 2.01 Start-Up Requirements PPT Quiz

What falls under the cost of sales for a start-up business?

• Office supplies

• Employee salaries

• Product inventory

• Advertising

Which professional fees may require the assistance of lawyers and accountants?

• Setting up legal aspects

• Employee salaries

• Stationery

• Computer hardware and software

What is included in technology costs for a start-up business?

• Cellphones

• Tradeshow fees

• Raw materials

• Rent

What are considered administrative costs for a start-up business?

• Shipping insurance

• Business insurance

• Public relations

• Partnership agreements

What is covered under sales and marketing costs for a start-up business?

• Utilities

• Manufacturing equipment

• Payroll taxes

• Mailings

Which of the following is a direct cost involved in product manufacturing for a start-up?

• Office Rent

• Utilities

• Raw Materials

• Company Website Maintenance

What expense category does employee training fall under for a new business?

• Operational Costs

• Capital Expenditure

• Employee Benefits

• Professional Development

Which of the following would be considered a fixed cost for a start-up company?

• Shipping Costs

• Office Lease

• Production Supplies

• Sales Commissions

How is 'market research' categorized in a start-up's budget?

• Fixed Cost

• Variable Cost

• One-time Expense

• Operational Cost

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

• Internet Service

• Office Furniture

• Raw Material Purchases

• Business Licenses