ENTREPRENEURHIP - FINANCIAL

What is the main goal of a financial plan for a start-up?

• To design a company logo

• To plan costs, funding, and financial health

• To hire employees quickly

• To track competitors’ sales

Which cost is part of "project implementation cost"?

• CEO’s personal expenses

• Office party budget

• Buying equipment and raw materials

• Competitor analysis fees

A positive cash flow means:

• The business is losing money

• No sales are made

• Loans are unnecessary

• The business can cover its expenses

Which statement shows "Gross Profit = Sales − Cost of Goods Sold"?

• Balance Sheet

• Income Statement

• Cash Flow Statement

• Depreciation Schedule

How is asset depreciation recorded?

• As a business expense

• As extra revenue

• Only in the first year

• Only for tax purposes

ROI (Return on Investment) measures:

• Customer satisfaction

• Monthly office rent

• Total sales per employee

• Profit earned from money invested

Start-up funding can come from:

• Owner’s savings or bank loans

• Free social media ads

• Competitor’s profits

• Government grants (without repayment)

A balance sheet shows:

• Monthly sales targets

• Employee attendance

• Assets, debts, and owner’s equity

• Marketing campaign results

Why forecast cash flow?

• To set employee bonuses

• To avoid running out of money

• To calculate taxes

• To predict stock market trends

If Assets = RM50,000 and Liabilities = RM20,000, Equity = ?

• RM20,000

• RM70,000

• RM30,000

• RM50,000