City Collaborative Exam Review

What is a business license?

• A permit to build roads

• Permission to operate a business legally

• A certificate to graduate

• A license to sell cars

Which of the following is part of a city’s infrastructure?

• Grocery store

• Food truck

• Highway

• Social media ad

What is a business plan primarily used for?

• Decorating your store

• Explaining how a business will succeed

• Avoiding taxes

• Writing blog posts

Zoning laws decide:

• Your store's marketing plan

• How fast you can drive

• What businesses are allowed in specific areas

• The color of your building

What is the best definition of an entrepreneur?

• Someone who works at a bank

• Someone who starts and runs a business

• A city planner

• A loan officer

What is included in infrastructure?

• Water systems

• School mascots

• Fashion brands

• Website logos

Profit is:

• The total money spent

• The money left after expenses

• The amount borrowed from a bank

• Advertising dollars

Which is a startup cost?

• Monthly profit

• Employee bonus

• Initial inventory expense

• Social media ad share

What does a business license allow you to do?

• Pay taxes

• Open legally

• Hire a manager

• Use electricity

A good business plan includes:

• Daily journal entries

• Market research, strategy, financials

• A diploma

• City traffic laws