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WorksheetsCHAPTER 5: FINANCING YOUR BUSINESS
Total questions: 10
Worksheet time: 5mins
Which of the statement below is TRUE about the first step in business?
Have a clear idea of how much staff is needed until the company making profit
Estimate the business expenditures over the start-up period and over the first three months of operation
Seek advised from other company on the break event point of your company
Think about financing option that available for the company to take
Why the owned funding is the best source of funding among all the available financing options?
Carries no interest and short term
Immediately available and carries no interest
Immediately available and cheaper
Cheaper and most strategic
Which of the following is not the best financing option for a business?
Friend and relatives
Credit card
Competitor
Banks
Which statements is TRUE about asking for business funding from friend and relatives?
Avoid any family drama and personal dispute
Create a friendly contract between your friend and relatives
Force them to agreed on the transaction
Create some confusion to gain profit from the transaction that being made
Why credit card is the most risky financing option and only can be proceed with extreme caution?
Interest of a credit card can be troublesome to the business
Credit card erase any profits that the business are making
Credit card can create family drama and personal dispute
A lot of confusion in the transaction that will be done
Which of the following is the FALSE statement regarding essential equipment for an event planning business company?
Can reduce startup capital if use personal car but it is better to lease a company vehicle
A good quality used (second Hand) furniture is a good option
It is ideal and cheaper to combine between the work line and personal line
Customize the automated answering human voice as the standard one might bore potential customer
Help to find vendors, supplier and hotel in a quick and inexpensive way.
A good medium for market research and promote the business
The statement above closely related which kinds of essential equipment?
Printer
Software
Email and internet access
Multiple phone lines
Which of the following software do not correctly paired with the function?
Word Processing Program
Used for writing evaluations, forms, letter and anything that involving writing
Spreadsheet program
Used for producing outlines, schedules, timelines, budgets and calendar
Desktop publishing
Used for promotion product, decorating and designing a products
Specialty software
Used to produce special receipts, report tickets
Which of the following items is not necessary to be kept as the event company inventory?
Photos and videos
Fabric
Cloth
Floral containers
All the below are the reasons why photos and videos are the essential things to be kept as the inventory EXCEPT for:
As the company portfolio
To show off the the competitor
The photo can be features at the company websites and the catalogue
As the the art inspiration for the future project
