WorksheetsReview: Business Plan/Finance Unit Test
Total questions: 19
Worksheet time: 10mins
What is an Angel Investor?
Someone who maintains an ownership stake, and participates in company decisions.
An individual or organization that pays some or all expenses towards an event in return for advertising.
Someone wealthy enough that has money available to invest in small businesses.
Owner of the business that receives profit from participating in business actions and decisions.
A written description of a new business venture that describes all aspects of the business.
Business Plan
Business Description
Vision Statement
Partnership
What is a Balance Sheet?
a comprehensive account of a business's transactions and expenses, created to give a business oversight of it's financial matters.
a snapshot of the total amount a business has earned or lost at the end of the month.
Overall movement of funds through your business each month.
a snapshot of the company's financial situation at any given moment.
True or False: Capital is the money a business has in it's account, assets, and investments.
True
False.
Capital is the economic resources a business has, including the products it has in inventory.
Discusses how a company makes its customers aware of its products or services.
Business Description
Marketing Plan
Management Plan
Mission Statement
Ethics is...
A set of guidelines of how a business conducts itself.
The purpose of a company and defines its values and beliefs.
Moral principles by which people conduct themselves personally, socially and professionally.
Details specific goals the company will try to reach.
___________________ is a comprehensive account of a business' transactions and expenses.
Financial Statement
Balance Sheet
Assets
Valuation
True or False: Expenses is the total amount a business has earned or lost at the end of the month.
True
False. Expenses is costs the company incurs each month in order to operate.
What are the parts of a Marketing Plan?
Marketing Budget
Marketing Tactics
Pricing
Media Plan
Company Image
______________ presents owner's qualifications and where to fill gaps in expertise.
Business description
Management plan
Liabilities are...
Economic resources a business has, including the products it has in inventory.
Money business has in it's accounts, assets, and investments.
Account of a business' transactions and expenses.
Any debt accrued in the course of starting, growing, and maintaining a business.
What is the purpose of a Business Plan?
Shows the reason for the company and its goals/aspirations.
To gain potential investors, determine needs, organize, and plan a business.
To prove that the business will be financially healthy.
Which of the following in these are true about Business Ethics?
Business Ethics can't be managed.
Business Ethics and Social Responsibility are the same.
Applies to all aspects business conduct, and shows how a business conducts itself.
Business Ethics is a set of guidelines maintained in the workplace.
Which of the answer(s) are about Social Responsibility?
Puts security of saving money before the security of the environment.
Creates jobs
Obligation to better the economy
Being prepared risk the safety of products
Presents owner's qualification and those of any partners, also finds where to fill gaps in expertise.
Marketing Plan
Business Plan
Mission Statement
Management Plan
What is an Investor?
Any person who commits capital with expectation of participating in company decisions.
Person/organization who pay some or all expenses in an event in return for advertising.
Any person who commits capital with expectation of financial returns.
The CEO of a company
What is included in a Business Description?
Financial Statement
Vision/Mission Statement
Financial Plan
Marketing Plan
Management plan
___________ is the overall worth of the company
Valuation
Financial Plan
Balance Sheet
Bottom Line
What was the ethical situation in the Ford Pinto example?
Priority was styling and the saving of money over the safety of the drivers/passengers.
The car was overpriced
The car advertised the safety of the environment.
The car's gas-tank was re-built to secure the safety of the drivers/passengers.
