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Exploring Entrepreneurship

9th -  12th  , marketing promotion test review, sales process cycle, market research, 9th -  10th  , decisions, decisions, decisions, entrepreneurship final.

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Business Plan Math - Reading Quiz

11th - 12th grade.

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10 questions

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What is the term used for a 3-5 year forecast of your income and expenses?

Financial model

Profits and losses

Spreadsheet

What is an example of a monthly, recurring expense?

Lease down payment

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

What is the rate at which the business grows or increases revenue from sales?

Profit margin

Monthly profit

Growth percentage

Examples of direct costs are:

Utilities and rent

Labor and material costs

Pricing your product based how a customer perceives the product is called:

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

True or False: Net profit is greater than gross profit.

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

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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Financing & Business Planning Math Quiz QUESTION 2 of 10 : Molly has 500 in her savings account. She owes her parents 100 for a new outfit. he also owes her brother 25 . What is her current net worth? a) 325 b) 350 c) 375 d) 425

Financing & Business Planning Math Quiz QUESTION 2 of 10 : Molly has 500 in her savings account. She owes her parents 100 for a new outfit. he also owes her brother 25 . What is her current net worth? a) 325 b) 350 c) 375 d) 425

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Explanation

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