Have an account?
What is an example of an initial expense?
What is an example of a monthly, recurring expense?
Lease down payment
Which type of company only spends money when absolutely necessary?
According to the guideline in the reading, when creating your business plan, how many months of expenses do you need funding for?
What is the term used to describe the point where your revenue equals your expenses?
An accurate assessment of total start-up costs will allow the business owner to create:
Neither choice above
A tool to help make a budget quicker and more accurate is:
Ruler and paper
What is the description of each axis on a breakeven chart?
Profit and volume
Sales and expenses
Direct costs and indirect costs
True or False: Net profit is greater than gross profit.
The rate at which a business increases revenue from sales is:
Net profit percentage
Gross profit rate