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Professional Development, Business
9th -
12thgrade
BUSSHART KM - BUSINESS PLAN MATH
10 questions
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- Multiple ChoicePlease save your changes before editing any questions.
What is an example of an initial expense?
Rent
Advertising
License fees
Insurance
- Multiple ChoicePlease save your changes before editing any questions.
What is an example of a monthly, recurring expense?
Signage
Lease down payment
Utilities
Furniture
- Multiple ChoicePlease save your changes before editing any questions.
Which type of company only spends money when absolutely necessary?
Efficient Startup
Thin Startup
Lean Startup
Low Startup
- Multiple ChoicePlease save your changes before editing any questions.
According to the guideline in the reading, when creating your business plan, how many months of expenses do you need funding for?
One
Two
Six
Twelve
- Multiple ChoicePlease save your changes before editing any questions.
What is the term used to describe the point where your revenue equals your expenses?
Tipping point
Satisfaction point
Breakeven point
Nexus point
- Multiple ChoicePlease save your changes before editing any questions.
An accurate assessment of total start-up costs will allow the business owner to create:
Expense report
A budget
Neither choice above
- Multiple ChoicePlease save your changes before editing any questions.
A tool to help make a budget quicker and more accurate is:
Calculator
Ruler and paper
Spreadsheet software
- Multiple ChoicePlease save your changes before editing any questions.
What is the description of each axis on a breakeven chart?
Profit and volume
Sales and expenses
Direct costs and indirect costs
- Multiple ChoicePlease save your changes before editing any questions.
True or False: Net profit is greater than gross profit.
T
F
- Multiple ChoicePlease save your changes before editing any questions.
The rate at which a business increases revenue from sales is:
Growth percentage
Net profit percentage
Gross profit rate