Investment Planning & Budgeting Quiz

What is an initial investment in a business?

• The monthly salary of workers

• The money used to purchase resources to start operations

• The money spent on advertising

• The profit expected in the first month

Which of the following is a material resource needed to start a business?

• Kitchen tools

• Customer service

• Marketing strategy

• Sales assistant

Why is it important to research prices before buying materials or equipment?

• To compare options and make the best purchase

• To avoid paying workers

• To raise prices faster

• To ignore market demand

Which item would most likely be considered an investment in equipment?

• Flyers

• Phone credit

• Industrial blender

• Store logo

What should a business do before choosing what equipment to buy?

• Request quotes from different suppliers

• Buy from the first store

• Wait until the business opens

• Choose the most expensive option

A table used for food preparation would be classified as:

• Furniture or work surface

• Technology

• Decoration

• Consumable item

What is the main purpose of a purchase schedule?

• To plan when to buy each item

• To list company values

• To register sales

• To control customer reviews

What factor is not typically considered in a purchase schedule?

• The order of tasks

• The budget

• Social media strategy

• Delivery time

Which of the following requires a long-term investment?

• Napkins

• Computer and printer

• Water bottle

• Menu design

What is one advantage of identifying the exact items you need before launching?

• You pay more for higher quality

• You avoid unnecessary expenses

• You can skip budgeting

• You can hire fewer people