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Financial Analysis Review
Test Description: Financial Analysis review for Final Exam - Introduction to Business
Instructions: Answer all questions to get your test result.
1) Which of the following is an example of a disadvantage when considering Equity Financing?
A
All of the above are disadvantages to Equity Financing
B
You have to give up some control of your company
C
You have to pay interest
D
You may be denied the loan if you don\' t have a good business plan.
2) Which of the following equations represents a Loss?
A
Expenses are greater than Costs
B
Seed Money is less than Costs
C
Revenue is greater than Costs
D
Costs are greater than Revenue
3) What is it called when the entrepreneur borrows money from a person or an institution, with the promise to pay it back?
A
Venture Capitalist
B
Equity Financing
C
Bootstrap Financing
D
Debt Financing
4) Which of the following is not included in the income statement?
A
Gross Profit
B
Revenue
C
Debt
D
Tax Payment
5) What is the purpose of the Cost of Goods Sold Statement?
A
To show how much Net Income/Loss you will be making within a given period
B
To show how much Gross Profit per product sold you will earn
C
All of the above are purposes of the COGS statement
D
To examine how much you are spending on operating expenses.
6) If you are forced into bankruptcy, which of the following types of business ownerships will protect your personal belongings?
A
Sole Proprietorship
B
All of the above
C
Partnership
D
Corporation
7) Which is not a reason you could be turned down for a bank loan?
A
Lack of business experience
B
Lack of an adequate business plan
C
Lack of personal invcestment in the company
D
Lack of a partner
8) What is the goal of Bootstrap Financing?
A
To start your business out as big and successful as possible
B
To finance through a loan or venture capitalist
C
To keep start-ups costs low and finance with your profits as you go
D
To hire the least amount of employees
9) Ingredients would be an example of which of the following:
A
Fixed cost and a one-time fee
B
Fixed cost and an on-going cost
C
Variable cost and a one-time fee
D
Variable cost and an on-going cost
10) What is the initial amount of money needed to cover start-up costs and other preliminary expenses?
A
Seed money
B
Initial Money
C
Debt
D
Start-up money
*select an answer for all questions
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