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