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Entrepreneurship

Total questions: 20

Worksheet time: 22mins

Name
Class
Date
1.

What is considered to be "Copyrights"?

a)

Assets

b)

Liabilities

2.

What is considered to be " Goodwill " as?

a)

Assets

b)

Liabilities

3.

What is considered to be " Mortgages " as?

a)

Assets

b)

Liabilities

4.

What is considered to be " Income-taxes-payable " as?

a)

Assets

b)

Liabilities

5.

What is considered to be " Customer-deposits " as?

a)

Assets

b)

Liabilities

6.

What is considered to be " Lease agreement" as?

a)

Assests

b)

Liabilities

7.

What is considered to be " Wages owing" as?

a)

Assets

b)

Liabilities

8.

What is considered to be " Pre-paid insurance" as?

a)

Assets

b)

Liabilities

9.

What is considered to be " Fixtures (sinks, lighting, faucets etc.)" as?

a)

Assets

b)

Liabilities

10.

What is considered to be " Customer lists" as?

a)

Assets

b)

Liabilities

11.

On Friday evenings, Jose usually works a 4-hour shift at Friday´s restaurant, earning $8 per hour. Spencer’s friend asks him if he would like to go to the baseball game this Friday night. If Jose chooses not to work this Friday and instead purchases a ticket to the game for $50, what is Jose’s opportunity cost of this decision?

a)

8

b)

32

c)

80

d)

82

12.

Fill the blank.

“………….”= (Cash Flow/ (1 + Required Return))t – Initial Investment

a)

Required Invesment

b)

Net Price for Investment

c)

Net Cash Outflow

d)

Net Present Value

13.

The mathematical formula for Net Present Value is :

a)

= X1 + Y2

b)

= % Change in Quantity / % Change in Price

c)
d)
14.

A shoe manufacturing company needs to increase production and revenue. It is therefore considering the purchase of new machinery. The useful life of the equipment is 13 years and the maximum depreciation period desired by the company is 5 years.  The cash inflows and outflows associated with the new equipment are shown below: 

The initial cost of the equipment: $150,123.

Sales: $120,003

Cost of ingredients: $61,321

Salary costs: $20,654

Maintenance expenses: $2,567

Depreciation expense: $5,030

How many YEARS will I need to recover the initial investment? Use the depreciation method for your answer

(a)  

15.

An investment of $250,000 is expected to generate the following cash inflows in six years:

Year 1: $130,132

Year 2: $32,020

Year 3: $45,500

Year 4: $14,000

Year 5: $25,000

Year 6: $25,000

Required: Compute payback period of the investment. How many YEARS will I need to recover the investment. Use 2 decimals for your answer

(a)  

16.

FILL THE BLANK

A typical sales trend includes the following:

 

• Sales change from the (………… (a)   )time period

17.

FILL THE BLANK

A typical sales trend includes the following:

 

• Customer segments with the (……………….) growth rate

(a)  

18.

FILL THE BLANK

A typical sales trend includes the following:

 

• Customer segments with the highest (………….…..…..)



(a)  

19.

Type of leadership that can easily communicate problems, delegate responsibility, and mobilize resources to reach a resolution

a)

Transparent

b)

Great

c)

Authoritative

d)

Democratic

20.

Type of leadership where leaders act more as facilitators and the people being led as the true drivers of success.

a)

Transparent

b)

Great

c)

Authoritative