Entrepreneurship and Time Management Quiz

What does the NUA exercise help you with?

• Increasing profit by eliminating unnecessary expenses

• Decreasing profit by adding unnecessary expenses

• Increasing expenses by eliminating profit

• Decreasing expenses by adding profit

An unnecessary expense is one that you do not need to run your business.

• True

• False

An alternative expense is one you absolutely must have to successfully run your business.

• True

• False

Time is the most valuable asset you have as an entrepreneur.

• True

• False

Necessary expenses are those that have an alternative, cheaper option.

• True

• False

Adding events to your calendar is the first thing you should do to optimize your time.

• True

• False

An income statement, bank statement, or credit card bill can be used to complete the NUA exercise.

• True

• False

A calendar is not an effective tool in time management.

• True

• False

Repetitive tasks should be batched to save time.

• True

• False

Removing distractions can help on those days you don’t feel like completing your to-do list.

• True

• False