
Quiz 14, Fundamentals of Business, Marketing, and Finance
Quiz by Billie Holmes Pettit
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Thomas is an entertainer for children's parties. He runs the business and works the parties himself; he has no debts so the finances are simple. What is the minimum that needs to be documented in his accounting?
Trevon is opening a cookie bakery in a small town. He is saving the funds he needs to open his business and is considering crowdsourcing the last $10,000. What should he offer investors?
Which of these might have helped minimize the impact that the changing marketplacle has on Toys 'R' Us
Which is the best example of providing a return for investors
Tressie's niece wants to open a boutique household goods store. Tressie has read her business plan and she is quite impressed. She is considering acting as an angel investor and giving her niece the $10,000 she needs to secure the retail space and some of the inventory for her store. What kind of budget should Tressie ask to see before making her final decision?
What made the actions of the founders of the Frye Festival fraud?
Trevon is opening a cookie bakery in a small town. He is saving the funds he needs to open his business and is considering crowdsourcing the last $10,000. He has already saved $60,000 to buy the needed equipment and get through a few slow months. A friend suggest that he find a venture capitalist. Is this a good suggestion?
If you were assigned the tasks of reviving Toys 'R' Us, which would be the best strategy?
What was carrying so much debt a problem for Toys 'R' Us?
Tressie's niece wants to open a boutique household goods store. Tressie has read her business plan and she is quite impressed. She is considering acting as an angel investor and giving her niece the $10,000 she needs to secure the retail space and some of the inventory for her store. What should Tressie expect in return?
A business is hoping to expand. If it does so at this moment, it will increase debt. Since the financial planning requires both prioritizing debts and financing growth, what factor should weigh the most when the business is making this decision.
Thomas is an entertainer for children's parties. He runs the business and works the parties himself. He just uses his personal checking account to keep track of his deposits and debts. Is this adequate accounting?
Jennifer's business has been open for two years. She is hoping that her new marketing plan will increase sales because she would really like to hire an assistant. If sales are up for six months in a row, she will be comfortable bringing on another employee. Which principle of financial planning does this illustrate?
What happens if a venture capitalist invests in a company that does not end up making much of a profit?