Question 1

"Posted" interest rates at the bank are negotiable.

Accepted Answer

A) True 
 B)False  True

Question 2

"Cash" is an example of a fixed asset.

Accepted Answer

A) True 
 B)False  False

Question 3

Equity is:

Accepted Answer

A)  the amount of claim an owner has on an asset. 
B)  how rich someone is. 
C)  the difference between assets and liabilities. 
D)  all of the above. 
A)  the amount of claim an owner has on an asset. 
B)  how rich someone is. 
C)  the difference between assets and liabilities. 
D)  all of the above. D

Question 4

Discuss the advantages and disadvantages for each of the major sources of start-up financing.

Accepted Answer

For full marks, at least four

Question 5

The break-even point is where:

Accepted Answer

A)  all of a company's overhead is covered. 
B)  a company starts to make net profit. 
C)  the income from sales is equal to all of a company=s costs and expenses. 
D)  all of the above. 
A)  all of a company's overhead is covered. 
B)  a company starts to make net profit. 
C)  the income from sales is equal to all of a company=s costs and expenses. 
D)  all of the above.

Question 6

Expenses that do not vary with sales are called expenses.

Accepted Answer

The answer of Expenses that do not vary with sales...

Question 7

Briefly explain the difference between "fixed" and "variable" expenses and give examples of each.

Accepted Answer

Half of the marks should be aw

Question 8

There is basically a single, precise accounting term for each accounting concept.

Accepted Answer

A) True 
 B)False

Question 9

Discuss the process and need for cash-flow planning.

Accepted Answer

complete answer will discuss the forecas

Question 10

Assets can depreciate even if they are not being used in a business.

Accepted Answer

A) True 
 B)False

Question 11

Liabilities are:

Accepted Answer

A)  legal debts. 
B)  nuisance situations. 
C)  negative personality attributes. 
D)  favours that you owe. 
A)  legal debts. 
B)  nuisance situations. 
C)  negative personality attributes. 
D)  favours that you owe.

Question 12

Almost all businesses have some seasonal fluctuation in sales.

Accepted Answer

A) True 
 B)False

Question 13

The Accounting Equation is = + ,

Accepted Answer

Assets = L

Question 14

Prepare a personal Balance Sheet for yourself.

Accepted Answer

A complete answer has entries

Question 15

A break-even number is a very precise financial tool.

Accepted Answer

A) True 
 B)False

Question 16

The loss in value of an asset over time is called .

Accepted Answer

The answer of The loss in value of an asset...

Question 17

Venture capital companies are particularly interested in providing start-up capital for new firms.

Accepted Answer

A) True 
 B)False

Question 18

Money loaned to entrepreneurs by relatives and friends is called:

Accepted Answer

A)  sweat equity. 
B)  family fund equity. 
C)  personal equity. 
D)  love money. 
A)  sweat equity. 
B)  family fund equity. 
C)  personal equity. 
D)  love money.

Question 19

Personal finance and business finance involve largely the same ideas.

Accepted Answer

A) True 
 B)False

Question 20

Credit Bureaus:

Accepted Answer

A)  are provincially regulated. 
B)  are owned by their members. 
C)  must allow individuals to see their own files. 
D)  all of the above. 
A)  are provincially regulated. 
B)  are owned by their members. 
C)  must allow individuals to see their own files. 
D)  all of the above.

"Posted" interest rates at the bank are negotiable.

"Cash" is an example of a fixed asset.

Equity is:

Discuss the advantages and disadvantages for each of the major sources of start-up financing.

The break-even point is where:

Expenses that do not vary with sales are called expenses.

Briefly explain the difference between "fixed" and "variable" expenses and give examples of each.

There is basically a single, precise accounting term for each accounting concept.

Discuss the process and need for cash-flow planning.

Assets can depreciate even if they are not being used in a business.

Liabilities are:

Almost all businesses have some seasonal fluctuation in sales.

The Accounting Equation is = + ,

Prepare a personal Balance Sheet for yourself.

A break-even number is a very precise financial tool.

The loss in value of an asset over time is called .

Venture capital companies are particularly interested in providing start-up capital for new firms.

Money loaned to entrepreneurs by relatives and friends is called:

Personal finance and business finance involve largely the same ideas.

Credit Bureaus:

The Concept: What Business Will I Be in

Feasibility: How Do I Know It Will Work

Marketing: How Will I Get Customers

Operations: How Will I Organize the Work

The Business Plans: How Are They Important

The Purchase Alternative: How Do I Buy or Buy Into an Existing Business

The Franchise Alternative: How Do I Buy a Franchise

The Family Firm Alternative: How Do I Take Over My Familys Business

Managing for Growth: How Can I Expand My Business

Managing for Efficiency: How Can I Reduce My Costs and Expenses

Emerging Trends and Issues in Entrepreneurship: How Can I Prepare for the Future

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Exam 5: Finances: How Will I Manage the Money

"Posted" interest rates at the bank are negotiable.

"Cash" is an example of a fixed asset.

Equity is:

Discuss the advantages and disadvantages for each of the major sources of start-up financing.

The break-even point is where:

Expenses that do not vary with sales are called expenses.

Briefly explain the difference between "fixed" and "variable" expenses and give examples of each.

There is basically a single, precise accounting term for each accounting concept.

Discuss the process and need for cash-flow planning.

Assets can depreciate even if they are not being used in a business.

Liabilities are:

Almost all businesses have some seasonal fluctuation in sales.

The Accounting Equation is = + ,

Prepare a personal Balance Sheet for yourself.

A break-even number is a very precise financial tool.

The loss in value of an asset over time is called .

Venture capital companies are particularly interested in providing start-up capital for new firms.

Money loaned to entrepreneurs by relatives and friends is called:

Personal finance and business finance involve largely the same ideas.

Credit Bureaus:

The Concept: What Business Will I Be in

Feasibility: How Do I Know It Will Work

Marketing: How Will I Get Customers

Operations: How Will I Organize the Work

The Business Plans: How Are They Important

The Purchase Alternative: How Do I Buy or Buy Into an Existing Business

The Franchise Alternative: How Do I Buy a Franchise

The Family Firm Alternative: How Do I Take Over My Familys Business

Managing for Growth: How Can I Expand My Business

Managing for Efficiency: How Can I Reduce My Costs and Expenses

Emerging Trends and Issues in Entrepreneurship: How Can I Prepare for the Future

Filters