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WorksheetsBusiness Plans
Total questions: 21
Worksheet time: 28mins
Name
Class
Date
1.
1. What does LLC stand for?
a)
Legal Liability Company
b)
Limited Liability Company
c)
Limited Liability Corporation
d)
Legal Liability Corporatiom
2.
Which answer choice is not a characteristic of Sole proprietor?
a)
Most popular business
b)
Company is liable
c)
Owner is liable
d)
Only one owner
3.
All of these choices are characteristics of Partnership except?
a)
Two or more owners
b)
Owners are financially liable
c)
Company is financially liable
d)
All of the above
4.
Which choice below is not a member of the strategic management team?
a)
CEO
b)
Supervisor
c)
CMO
d)
HR Manager
5.
Which choice below is not a member of the strategic management team?
a)
Payroll
b)
CFO
c)
HR Manager
d)
All of the above
6.
What is the purpose of a Mission Statement?
a)
When a company wants to make a statement
b)
Where a company want to relocate
c)
How a company accomplishes its goals
d)
How a company target its market
7.
Which one of these choices below can not determine the market size?
a)
Region
b)
Population
c)
Revenue
d)
Competitor
8.
A target market is a group of _______ that the _______ has decided to aim its marketing efforts and ultimately its merchandise towards.
a)
Companies, Business
b)
Companies, Research
c)
Customer, Business
d)
Business, Customer
9.
Market Share the portion of a market controlled by a particular _______
a)
Competitor
b)
Company
c)
All of the above
d)
None of the above
10.
What are the two requirements of writing a business plan?
a)
Assumptions, Consistency
b)
Accurate, Concise
c)
Challenging, Ambitious
d)
Creativity, Artistic
11.
Interest = (Principal*rate*times)
I = P*r*t
How would this formula be setup?
$8550.00 at 11% for 7 years
I = P*r*t
How would this formula be setup?
$8550.00 at 11% for 7 years
a)
I = (8550)(11%)(7)
b)
I = (8550)(11)(7)
c)
I = (8550)(0.11)(7)
d)
I = (8550)(1/11)(7)
12.
Solve
Interest = (Principal*rate*times)
I = P*r*t
$8550.00 at 11% for 7 years
Interest = (Principal*rate*times)
I = P*r*t
$8550.00 at 11% for 7 years
a)
$2655.80
b)
$6583.50
c)
$6853.50
d)
$1533.50
13.
Solve
Interest = (Principal*rate*times)
I = P*r*t
$7250.00 at 4.95% for 6 years
Interest = (Principal*rate*times)
I = P*r*t
$7250.00 at 4.95% for 6 years
a)
$5147.75
b)
$9403.25
c)
$2153.25
d)
$353.88
14.
Person Alpha deposits $20,000 into an account that pays 8% annual interest and holds it for 12 years.
Future Values FV = PV(1+r)^n
Future Values FV = PV(1+r)^n
a)
$51266.25
b)
$50363.40
c)
$53662.35
d)
$50266.25
15.
Person Beta deposits $25,000 into an account that pays 10% annual interest and holds it for 8.5 years.
Future Values FV = PV(1+r)^n
Future Values FV = PV(1+r)^n
a)
$57300.25
b)
$57833.80
c)
$56205.37
d)
$57338.30
16.
Person Gamma deposits $30,000 into an account that pays 12% annual interest and holds it for 16 years.
Future Values FV = PV(1+r)^n
Future Values FV = PV(1+r)^n
a)
$183911.80
b)
$186541.76
c)
$176284.60
d)
$38245.60
17.
Person Alpha plans to deposit an amount into an account that pays 8% annual interest, and to hold it over 10 years with an account balance goal of $10,000.
Present Values PV = FV/(1+r)^n
Present Values PV = FV/(1+r)^n
a)
$4529.24
b)
$4484.36
c)
$4631.93
d)
None of the above
18.
What Sum of Money Can you Invest for 300 Days at 5.5% to Earn $93.80?
Principal = Interest / (rate*time)
P = Interest*(365) / (rate*300)
Principal = Interest / (rate*time)
P = Interest*(365) / (rate*300)
a)
$2075.00
b)
$3000.00
c)
$2250.00
d)
$2725.00
19.
What Annual Rate of Interest Is Needed for $2100.00 to earn $122.50 in 14 Mths?
rate = Interest / (Principal*time)
rate = P*(12) / (Interest*14)
rate = Interest / (Principal*time)
rate = P*(12) / (Interest*14)
a)
8%
b)
12%
c)
3%
d)
5%
20.
A teacher in Dallas, TX makes $3800 a month. Her rent for her house cost $1200, car note is $430, electric & utility $320, childcare is $200, food and recreation is $250 a month and clothes $100. She receives $600 in child support and works part time at the mall for $300. How much will she be able to save?
a)
$5000.00
b)
$2100.00
c)
$1400.00
d)
None of the Above
21.
A teacher in Dallas, TX makes $3800 a month. Her rent for her house cost $1200, car note is $430, electric & utility $320, childcare is $200, food and recreation is $250 a month and clothes $100. She receives $600 in child support and works part time at the mall for $300. How much will she be able to save?
a)
$5000.00
b)
$2100.00
c)
$1400.00
d)
None of the Above
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