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- 1. Multiple Choice
What is the term used for a 3-5 year forecast of your income and expenses?
Financial model
Profits and losses
Spreadsheet
- 2. Multiple Choice
What is an example of a monthly, recurring expense?
Signage
Utilities
Lease down payment
Furniture
- 3. Multiple Choice
What is the type of pricing determined largely by what other companies in your industry are charging?
Competitors' pricing
Value-based pricing
Simple pricing
Cost-plus pricing
- 4. Multiple Choice
What is the rate at which the business grows or increases revenue from sales?
Profit margin
Monthly profit
Growth percentage
Net profit
- 5. Multiple Choice
Examples of direct costs are:
Utilities and rent
Labor and material costs
Interest
- 6. Multiple Choice
Pricing your product based how a customer perceives the product is called:
Cost-plus pricing
Competitors' pricing
Value-based pricing
- 7. Multiple Choice
Sales revenue is calculated by:
Number of sales multiplied by average customer sale dollar amount
Sales price multiplied by cost of goods sold
Number of sales multiplied by cost of goods sold
- 8. Multiple Choice
True or False: Net profit is greater than gross profit.
True
False
- 9. Multiple Choice
Starting a company in which you only spend money that is absolutely necessary at each point in time is called a:
Lean startup
Sole proprietor
Growth startup
- 10. Multiple Choice
What is the description of each axis on a breakeven chart?
Profit and volume
Sales and expenses
Direct costs and indirect costs
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