Font size
WorksheetsCTE
Total questions: 40
Worksheet time: 10hrs 0mins
What is the most important document for companies, which has to get revised every year?
the annual report
the loss and profit report
the sales report
What is the MAIN PURPOSE of the business plan?
To explain what is your business and how you doing to do it.
To explain how you will become rich
To explain who will be the boss and who will be the employees
To explain what kind of products you will sell
What is a competitor?
It is any company that sells a similar product than yours
It is any company that is established in your same city
It is any company that established near your business
What is the revenue of your business?
It is any income that you receive from selling a product or service
It is the profit that you get from your products or services
It is the total amount it cost you to make a product or service
What is the very first component of a business plan?
The executive summary
The operations
The SWOT analysis
The financial plan
The analysis that considers all the strenghts, weaknesses, opportunities and threats is known as the :
(a)
Corporations can sell their own stocks, meaning that a portion of their company can be owned by someone else. The people that own these stocks, which would be owners of the corporation, are known as :
(a)
A type of business that is not considered an LLC or a corporation, but instead provide services to the community is known as a:
non-profit
corporation
limited liability company
A company that is formed for the purpose of not putting at their their own assets is known as a :
limited liability company
corporation
S-Corporation
non-profit organization
A limited liability company is also known as a :
(a)
What does S stands for in the SWOT Analysis?
Strengths
Sales
Solutions
Systems
Who is considered an external stakeholder in a company?
the customers
the employees
the owner
the supervisors
What is one example of non-verbal communication?
smiling
telling someone you love them
writing an email to a person
What is the government agency that is responsible for registering new businesses in North Carolina?
the NC secretary of state
the department of revenue
the county where the person lives
the small business administration office
How often does company need to revise annual reports?
once a year
once a month
as needed
every five years
What does it mean if you have a credit score of 400?
bad credit
good credit
fair credit
What is one example of a collateral that can be used when qualifying for a $5,000 loan?
A 2018 toyota camry
a play station PS5 system
a computer
a set of tools you have in your garage
There are three main credit bureau companies. Two of them are Experian and Transunion. Which other is there?
(a)
If you have been denied a credit loan for any reasons, within HOW MANY DAYS does the financial lender has to provide a letter explaining the reasons why they have denied you?
30 days
45 days
60 days
90 days
What is the purpose of a collateral?
To give a guarantee that you promise to pay or you will lose your asset if you do not pay.
To get a discount in the total amount of your loan
To give them a reason to believe that you have money
A secure loan is different from an unsecured loan because secure loans require a (a) ?
If you have a business meeting in your workplace, you should make sure that you :
arrive at least 10-15 minutes ahead of time
bring your Bojangles lunch in case you get hungry
make sure you bring your phone so you can check Facebook while you are in the meeting.
tell the speaker that the meeting was boring
What is the most important portion that is included in a credit report?
your credit score, which states whether you have a low risk or high risk
the list of all things you owe
the list of all the places you have applied through the past year
What is the purpose of an organizational chart?
It is a visual presentation of the people that work in the company and show who is the supervisor of each person
It is a visual presentation that shows who will be your co-workers
It is a visual presentation of the important people that work in the company
Companies have many expenses that are associated with creating a product or providing a service. Other expenses are related to keeping up the business running. Paying for utilities (water and electricity) and paying for rent are also known as :
(a)
When a person cannot handle their debt anymore and continue to make payments on their own, the person request the court to process a:
bankruptcy
a loan
a home equity loan
a mortgage
Credit cards will provide you with a monthly statement every month. This monthly statement will require you to pay at least:
the minimum payment due
the full balance
the total amount of things you purchased the previous month
If you are working in a business environment, and your supervisor is requesting you to prepare a report that shows the sales you have done during the previous year, would this report be considered a formal report or an informal report?
(a)
In the business plan, companies have to explain how they will gather enough funds (money) and how they will generate more funds, and spend them within the first year. This portion of the business plan is known as the
financial planning
operations
human resources
information technology
When you are thinking about your setting up your company, you will set a group of objectives that gives your company a purpose. These objectives are also known as the :
goals of the company
the strengths of the company
the weakness of the company
Companies will have a mission, vision and statement. The company will focus in portraying their beliefs and values through their...
culture
day to day activities
message to the public
A document that will be listing a company's assets, current financial situation and liabilities is also known as a (a)
The initial amount of money that you need to establish your business and begin running it within the first year, is also known as :
start-up capital
a business loan
a credit line
In the business plan, companies have to explain how are they going to let the public and customer know that they exist, and what kind of services and products they sell. This portion of the business plan is known as the...
marketing plan
the financial plan
the logistic plan
the human resources plan
In the SWOT analysis, we have strengths, weaknesses, opportunities and threats. One example of a threat is...
competitor can reduce their price to something lower than yours
competitor can move to another city because it's easier for them to start a new market over there
competitor can call you and tell you that they want to merge with your company
Companies can have employees that work in ther companies. They usually work 40 hours per week full time and get paid a specific amount per hour , or per salary. However, other companies also have another type of labor, which is considered to be:
(a)
The amount of money that is left over when the revenue exceeds the costs and expenses is also known as :
(a)
If a company wants to distribute a public message quickly, their best way to do this is to post an advertisement or message through:
social media
email to all the employees
send a letter by mail to all employees and the community
When you are in a business meeting, you should be arriving on time, greeting others, take a seat, pay attention, write your own notes and participate when necessary. All these concepts are including into what is known as :
business etiquette
telephone etiquette
Prior to attending a meeting, a supervisor or someone else, will distribute a document that explains what is the meeting about, what kind of topics will be discussed, how long they will take (a) this document is known as the:
