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Worksheets

B.R.A.C 23-01

Total questions: 68

Worksheet time: 34mins

Name
Class
Date
1.

Different than anything else.

a)

Marketing/Selling Strategies

b)

Differentiated Offering

c)

Launch Plan

d)

Revenue

2.

The intended group of customers you want to serve.

a)

Target Market

b)

Expense

c)

Cost of Goods

d)

Marketing/Sales Cost

3.

A one-page financial projection that lists your major revenue sources and expenses.

a)

Differentiated Offering

b)

Marketing/Selling Strategies

c)

Launch Plan

d)

Pro Forma

4.

How you intend to communicate to large numbers of customers, and how you move specific customers to buy from you.

a)

Target Market

b)

Revenue

c)

Marketing/Selling Strategies

d)

Personnel Cost

5.

A detailed To Do List of steps you’ll need to take to go from concept and funding all the way to business launch.

a)

Launch Plan

b)

Differentiated Offering

c)

Marketing/Selling Strategies

d)

Revenue

6.

Software program to track financial information like budgets, expenditures, invoicing and payroll.

a)

Personnel Cost

b)

Accounting System

c)

Target Market

d)

Launch Plan

7.

The amount of money earned from the sale of products/services

a)

Expense

b)

Revenue

c)

Marketing/Selling Strategies

d)

Target Market

8.

The cost required for an item or service.

a)

Personnel Cost

b)

Pro Forma

c)

Differentiated Offering

d)

Expense

9.

The cost that it takes to produce a product or service

a)

Cost of Goods

b)

Marketing/Sales Cost

c)

Target Market

d)

Expense

10.

Money paid by an employer to an employee for work done during a period of time.

a)

Overhead Cost

b)

Credit

c)

Personnel Cost

d)

Seasonality

11.

The amount of money spent to sell product or services.

a)

Business Concept

b)

Business Concept

c)

Competitive Reactions

d)

Marketing/Sales Cost

12.

Cost of running the business that does not lead to the generation of profit.

a)

Overhead Cost

b)

Overhead Cost

c)

Premium

d)

Venture

13.

The value of funds in accounts or tangible machinery/production equipment.

a)

Marketing/Sales Cost

b)

Capital

c)

Prospective Investors

d)

Vision Description

14.

The trust that allows one party to provide money or resources to another party

a)

Hockey Stick Projections

b)

Credit

c)

Assumptions

d)

Competitive Reactions

15.

A risky or daring journey or undertaking.

a)

Deductibles

b)

Seasonality

c)

Venture

d)

Overhead Cost

16.

The annual cost to you of your insurance.

a)

Vision Description

b)

Premium

c)

Personnel Cost

d)

Competitive Reactions

17.

The amount you will pay before the insurance company reimburses you for a loss.

a)

Deductibles

b)

Business Concept

c)

Expansion Markets

d)

Assumptions

18.

A short, simple document that provides a clear summary of a proposed business venture.

a)

Expansion Markets

b)

Business Concept

c)

Vision Description

d)

Capital

19.

Similar to an elevator speech, a concise, compelling description of the proposed venture.

a)

Overhead Cost

b)

Assumptions

c)

Personnel Cost

d)

Vision Description

20.

A person or entity that may be interested in providing capital for your business venture.

a)

Capital

b)

Credit

c)

Prospective Investors

d)

Premium

21.

A revenue growth line sort of looks like a hockey stick - flat at first, and then a straight line up.

a)

Target Market

b)

Deductibles

c)

Launch Plan

d)

Hockey Stick Projections

22.

Product or services that experience regular and predictable changes that recur every calendar year.

a)

Credit

b)

Premium

c)

Assumptions

d)

Seasonality

23.

How your customers and competitors responding to your marketing and selling strategies.

a)

Capital

b)

Competitive Reactions

c)

Marketing/Sales Cost

d)

Materiality

24.

The ability to go beyond your customers into markets that have not been in your typical plan.

a)

Expansion Markets

b)

Assumptions

c)

Business Concept

d)

Venture

25.

An idea that is accepted as true or as certain to happen without proof

a)

Deductibles

b)

Assumptions

c)

Personnel Cost

d)

Launch Plan

26.

Allows you to make varying assumptions that will help you avoid introducing errors in calculation into the pro forma spreadsheet.

a)

Material Impact

b)

Nadir

c)

Sensitivity Analysis

d)

Expenditures

27.

A financial term that means "big enough to care about."

a)

Materiality

b)

Burn cash

c)

Expansion Markets

d)

Credit

28.

Insignificant changes that do not hurt the overall performance of a business.

a)

Nadir

b)

Hockey Stick Projections

c)

Material Impact

d)

Premium

29.

The action of spending funds.

a)

Expenditures

b)

Variable Cost

c)

Material Impact

d)

Sensitivity Analysis

30.

Cash in and out of the business over a period of time.

a)

Burn cash

b)

Cumulative Cash Flow

c)

Assumptions

d)

Personnel Cost

31.

A venture spends much more money than it takes in as it establishes its operations

a)

Seasonality

b)

Burn cash

c)

Marketing/Sales Cost

d)

Overhead Cost

32.

The lowest point of cumulative cash flow

a)

Nadir

b)

Prospective Investors

c)

Capital

d)

Credit

33.

Cost that vary depending on the rise and fall of production.

a)

Proprietary

b)

Free Lance Consultants

c)

Contingency

d)

Variable Cost

34.

Acronym for Information Technology

a)

IT

b)

Attractive Return on Capital

c)

Tenacity

d)

Risk

35.

A worker that works independently by selling work or services by the hour, day or job

a)

Feasible

b)

Defensible competitive advantage

c)

Free Lance Consultants

d)

Tenacious talent

36.

A phrase that means to add up or to make economic sense.

a)

Evocative

b)

Intellectual property

c)

“Pencils out”

d)

Stamina

37.

Bringing about strong emotions or feelings.

a)

Evocative

b)

Attractive Return on Capital

c)

Human Capital

d)

Tenacity

38.

Possible to do easily or conveniently.

a)

Defensible competitive advantage

b)

Feasible

c)

Risk

d)

Market risk

39.

Needs of customers that are currently not being addressed by your company or any company.

a)

Free Lance Consultants

b)

Proprietary

c)

Unmet customer need

d)

Human Capital

40.

An advantage you have and can sustain over your competition.

a)

Variable Cost

b)

Human Capital

c)

Risk

d)

Defensible competitive advantage

41.

The expectation of money earned based on amount of investment.

a)

Attractive Return on Capital

b)

Stamina

c)

Evocative

d)

Evocative

42.

Owner of information, knowledge, patent, copyright, trademark.

a)

Feasible

b)

Cumulative Cash Flow

c)

Materiality

d)

Proprietary

43.

A work or invention that is the result of creativity

a)

Human Capital

b)

Intellectual property

c)

Risk

d)

IT

44.

Investors always evaluate the quality of the human capital in a venture when they assess whether a business concept is doable.

a)

Tenacious talent

b)

Tenacity

c)

Burn cash

d)

Sensitivity Analysis

45.

A team of talented, driven individuals led by a proven-effective business leader.

a)

Contingency

b)

Human Capital

c)

Proprietary

d)

Free Lance Consultants

46.

A future event or circumstance that is possible that cannot be predicted with certainty.

a)

Tenacious talent

b)

Defensible competitive advantage

c)

Contingency

d)

Evocative

47.

The quality or fact of being able to endure and continue with determination.

a)

Risk

b)

Stamina

c)

Unmet customer need (unexpressed)

d)

Tenacity

48.

The ability to sustain prolonged physical or mental effort.

a)

Proprietary

b)

Burn cash

c)

Stamina

d)

Prospective Investors

49.

Prospective Investors A

a)

Risk

b)

Nadir

c)

Seasonality

d)

Expense

50.

Risks associated with the success of a single venture.

a)

Reputational risk

b)

Business risk

c)

Market risk

d)

Financial risk

51.

Risks in a market sector that impact all competitors in that sector

a)

Business risk

b)

Financial risk

c)

Political risk

d)

Market risk

52.

Risks associated with the rep

a)

Reputational risk

b)

Financial risk

c)

Political risk

d)

Regulatory risk

53.

Risks associated with the financial standing / performance of a venture

a)

Regulatory risk

b)

Political risk

c)

Financial risk

d)

Market risk

54.

Risks associated with the geography in which a venture operates

a)

Political risk

b)

Regulatory risk

c)

Market risk

d)

Business risk

55.

Risks associated due to government passing laws or regulations that could impact the ability to operate.

a)

Political risk

b)

Regulatory risk

c)

Reputational risk

d)

Financial risk

56.

Risks associated due to government passing laws or regulations that could impact the ability to operate.

a)

Mitigation strategies

b)

Acquisition

c)

Regulatory risk

d)

Franchisee

57.

An action plan for implementing to identify, prioritize and implement actions to reduce risks.

a)

Start up

b)

Mitigation strategies

c)

Acquisition

d)

Royalties

58.

Funds contributed by owner.

a)

Franchise

b)

Financial equity

c)

Franchisor

d)

Royalties

59.

When an entrepreneur or small business leader work long hours for little or no pay to make a new venture succeed.

a)

Mitigation strategies

b)

Reputational risk

c)

Financial equity

d)

Sweat equity

60.

A value proposition that they believe delivers benefits in excess of the costs required to offer their product or service.

a)

Royalties

b)

Value proposition

c)

Risk

d)

Proprietary

61.

A business created from scratch.

a)

Start up

b)

Mitigation strategies

c)

Market risk

d)

Stamina

62.

An existing business purchased from its owner.

a)

Sweat equity

b)

Acquisition

c)

Franchisee

d)

Financial equity

63.

A proven business concept, an established brand, and all types of management support

a)

Franchise

b)

Franchisee

c)

Franchisor

d)

Royalties

64.

The person purchasing a franchise

a)

Franchisor

b)

Franchisee

c)

Franchise

d)

Financial equity

65.

The person or entity offering the sale of a franchise.

a)

Franchise

b)

Stamina

c)

Franchisor

d)

Franchisee

66.

Money owed to a Franchisor per contract agreement.

a)

Start up

b)

Value proposition

c)

Royalties

d)

Regulatory risk

67.

A new business launched by two existing businesses

a)

Value proposition

b)

Economy of Expression

c)

Acquisition

d)

Joint venture

68.

Maximum efficiency in representing information.

a)

Economy of Expression

b)

Risk

c)

Defensible competitive advantage

d)

Feasible