WorksheetsEDC 1
Total questions: 15
Worksheet time: 9mins
The point at which neither profit nor loss is made is known as
break even point.
fixed point
variable point
revenue point
What is interest?
Something you do not have in economics
The money corporations pay to their stockholders
To set aside income for a period of time so that it can be used later
The payment people receive when they lend their money or allow someone else to use their money
Banks provide which of the following EXCEPT
debit cards
loans
check writing services
government subsidies
Which is a good reason to use a Financial Institution?
Putting your allowance in a safe place
Lending your friend $5
Borrowing money to buy a new toy
The most important element of cost is
Material
Labour
Overheads
All of these
What source of finance could lead to an unwanted takeover of the business?
Sale of assets
Owner's capital
Trade credit
Share issue
Owners' Funds
Hire Purchase
Leasing
Trade credit
___________ continues to implement its various programmes and projects throughout the country to assist the Small Scale Industries(SSI) units.
KVIC
NSIC
SIDC
SSIC
The type of capital resources that a startup business needs to begin operating usually depends on the ____________
vendors’ lead time
location.
owner’s preferences
industry
SBA stands for:
Small business accountants
Small business administration
Small business adequacy
Small business advisors
___________ are used for getting mentorship for startups.
Funding sources
Incubators
Decelerators
Collaborators
One of the disadvantages of a franchise business for a franchisee is ______________.
Lack of independence.
Franchise businesses typically have a high failure rate.
Lack of brand identity.
Training is not normally provided by the franchisor.
