Kalau bisa isinya urutan nomor ya ;D
QUIZ 1
Soal Quiz 1
Jawaban
1) Products are tangible, meaning ________.
D. you can touch them
2) Entrepreneurs are o en both owners and
________
employees
4. Bankers and other poten al investors will
o en refuse to see an entrepreneur who does
not have a ________.
complete business plan
6) A(n) ________ is the wealth and resources of
a country or region, including its nancial
structure
economy
7. It is best to wait to write a business plan un l
you nd lenders or investors.
False
8. A business plan is the key to raising capital.
True
10) Your business plan projec ons should be
realis c and a ainable
10) Entrepreneurship can be very challenging.
Which is not a typical challenge of being an
entrepreneur?
Financial reward
Select one:
a. nancial reward
b. nancial insecurity
c.long hours
d.loneliness
11) When making an investment, always
c.
consider the ________, which is the cost of your opportunity cost
next-best investment.
Select one:
a. next-investment cost
b. cost of goods sold
c. opportunity cost
d. marginal cost
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13. Making the beliefs, values, and behavioral
norms explicit and inten onal builds the
________ of an organiza on.
culture
15. The ________ addresses the roles of the
community, region, na on, and world in a
business.
Select one:
a. industry analysis
b. environmental analysis
c. proof of market
d. business analysis
b.
environmental analysis
16) The corporate equivalent of paying owners a dividend
por on of the business's pro ts is called a
17. A compe ve analysis is an important
component of ________.
a.
opportunity analysis
18. The four factors that form marke ng mix are product, price, promo on, and place
19) Why do consumers bene t from free trade
and the resul ng compe on between
businesses?
Compe on tends to drive down prices and
improve quality.
19. Price should re ect the organiza on's ___
Strategy, policy, vision ( all of the above )
20) Adver sing is ________ promo on through
media outlets
paid
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c.
key managers
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23. Resumes and posi on descrip ons should
be included in business plans for ________.
Select one:
a. Neither of these.
b. Both of these.
c. key managers
d. all employees
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Outside directors
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22. Which of the following is not needed in all
business management teams?
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20) A for-pro t enterprise with the dual goals of social entrepreneurship
achieving pro tability and a aining bene cial
returns for society is called ________.
24) Entrepreneurs look at ve basic ways of
d.
opportunity for business ideas. Which is not one raising prices in an exis ng market
of those ve?
Select one:
a.developing a new market for an exis ng
product
b. nding new ways to use exis ng technology
c.producing a product more cheaply
d.raising prices in an exis ng market
24. A factor to consider when selec ng a
physical loca on is
All of the above.
25. Cash ow ________ be nega ve before debt can, cannot
and equity infusions and ________ be nega ve
a er them.
26. Income statement projec ons realis cally
________ in the rst few months of opera ons.
show losses
26) The great economist Joel Schumpeter
emphasized that innova on is the key to
entrepreneurship. Which of the following is a
basic way to create a new business?
use new technology to produce a new
product
27) A business opportunity is an idea, plus
________.
it is a rac ve to customers and will work in
your business environment
27. Ra o analysis can help business owners
________
manage opera ons; understand their
performance rela ve to peers, secure
funding ( all of the above )
28) An IPO is a(n. ________ exit strategy for
entrepreneurial ventures.
alterna ve for a buyout plan
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Elevator Pitch
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A(n) ________ is a 30-second to a 2-minute
summary of your business.
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a. Pro t
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33) ______ is the sign that an entrepreneur has
added value to the resources he or she is using.
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strategy
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31) A(n) ________ is a plan for how a business
intends to go about its own performance and
outdo that of its compe on.
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assets
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30) What a business owns is called
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29) If a company does not have _____, it will fail cash
37. When you make an in-person presenta on
to prospec ve investors you should ________.
All of the above.
Select one:
a.use clear visual aids
b.All of the above.
c.be prompt
d.establish rapport with the audience
38. Business plan and venture compe ons for
students are held worldwide. Many of them
include ________.
All of the above.
Select one:
a.oral presenta ons
b.All of the above.
c.prizes
d.travel
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39. In a business plan, it is important to
demonstrate that you have "skin in the game."
True
QUIZ 2
Soal Quiz 2
Jawaban
1. Which of the following is not an element of a.
business de ni on?
the acceptance
Select one:
a. the acceptance
b. the o er
c. produc on and delivery capability
d. target market
2. A target market of every adult in the United a.
States is too ________.
broad
Select one:
a. broad
b. narrow
c. speci c
d. limi ng
9. When you start your business your ___ will
guide the business opera ons and decisions.
core beliefs
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a.
Culture
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8. ________ is the core values of an
organiza on in ac on.
Select one:
a. Culture
b. Mission
c. None of the above.
d. Vision
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True
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6. A solid business de ni on has three
elements: 1. the o er, 2. target market, 3.
produc on and delivery capability
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4. A ________ is a group of people who
Market
would be interested in buying a given product
or service.
Select one:
a. customer
b. market
c. consumer
d. target
11. Which of the following is not a strong
A person has a talent for making something
method of iden fying business opportuni es? and decides that he or she should go into
Select one:
business.
a. Searching through a process of
iden ca on and selec on star ng
with research on "hot" businesses or
growth areas.
b. Searching through a process of
iden ca on and selec on beginning
with self- developed (or groupdeveloped. ideas.
c. A person has an idea for a product or
service and searches for a market.
d. A person has a talent for making
something and decides that he or she
should go into business.
12. Your company's vision de nes the work
environment.
False
13. Which item below is not a compe ve
a.
advantage?
o ering free samples during a two week
Select one:
promo on
a. o ering free samples during a two
week promo on
b. using a new patented manufacturing
process that reduces manufacturing
costs by 25%
c. consistently providing be er customer
service than the compe on
d. reducing opera ng costs by 7%
14. Business de ni on + compe
advantage is ________.
ve
compe
15. For a business to be successful, a
compe ve advantage must be
sustainable
16. A compe ve advantage can be based on
any of six factors. Which factor below is not
one of the six?
opportunity
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17. For your business to be successful you will compe
need a strategy for bea ng the compe on,
i.e., your ________
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ve strategy
ve advantage
19. Entrepreneurs tend to be
op mis c
20. The six factors of compe ve advantage
are quality, price, loca on, selec on, service,
and speed/turnaround.
True
24. The cost of selling one unit of a product is
called ________.
cost of goods sold
25. To help determine whether your business
will be pro table, calculate the ________.
Select one:
a. economics of one unit
b. cost of goods sold
c. di erence between the costs and
pro ts for one unit
d. marginal cost of one unit
a.
economics of one unit
26. Total gross pro t = ________
revenue - cost of goods sold
27. A typical unit of sale for a wholesaler
would be
one dozen
28. Average gross pro t per customer is
________.
Select one:
a. average sale per consumer + average
sale per wholesaler
b. average cost of tangible product average cost of intangible product
c. average cost of sale - average sale per
customer
d. average sale per customer - average
cost of sale per customer
d.
average sale per customer - average cost of
sale per customer
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the rela ve value between one currency and
another
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33. The foreign exchange rate is
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$16.25
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31. What is the average unit of sale for a
restaurant that serves $3,250 per day in
meals to 200 customers per day?
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hiring employees in order to sell more units
and generate more pro t
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30. Business leaders create wealth by
________
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29.Total cost of goods sold per unit consists of materials cost per unit + labor cost per unit
34. Tray has a T-shirt business that buys shirts
from a wholesaler for four dollars each and
sells them to retailers for eight dollars each.
He imprints each shirt with a picture of a
musical ar st that costs him two dollars. He
also pays his cousin to do the prin ng at ve
dollars an hour. LaShawn prints ve shirts per
hour. A retailer o ers to buy 1000 shirts at
seven dollars each. Should Tray agree to the
deal?
No
Select one:
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False
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40. To determine the value of a business you
can use asset valua on. It is a method that
analyzes the underlying value of a business's
sales and opera ng costs as a basis for
nego a ng a price
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True
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38. The COGS and COSS are equivalent
mathema cally.
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COGS
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35. Once you know your ________ you can
calculate gross pro t.
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a. No, Tray will not make a pro t at this
price.
b. Yes, even though he may lose money
he can make up for it in volume.
c. Yes, Tray will make a marginal pro t at
this rate.
d. Yes, Tray will make a pro t of one
dollar per shirt.
QUIZ 3
Soal Quiz 3
Jawaban
1. The bedrock principle of business is that it
should
earn a pro t
3. A litmus test for pro tability is ________.
Select one:
a. the business model
b. net pro t
c. the business plan
d. the economics of one unit (EOU.
the economics of one unit (EOU)
4. There are two categories of variable costs:
________.
COGS and other variable cost
5. Other variable costs per unit subtracted
from Total COGS per unit equals ________.
Select one:
a. total other variable costs per unit
b. cost of goods sold per unit
c. contribu on margin per unit
d. opera ng margin per unit
C. contribu on margin per unit
6. Start-up investment is the one- me
seed capital
expense of opening a business. It is also called
7. A(n. ________ is a model or pa ern that
prototype
serves as an example of how a product would
look and operate if it were manufactured.
Select one:
a. prototype
b. model
c. archetype
d. typology
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27. Carla sells hot co ee, cider and tea from a $4.50
sidewalk cart near Wall Street in New York
City. Last month she sold $4,500 worth of
product to 1,000 customers. She spent $800
on buying her beverages in bulk. Her monthly
costs are: U li es = $100, Salary = $2,000,
Adver sing = $0, Insurance = $0, Interest = $0,
Rent (cart. = $600, Deprecia on = $0.
Calculate Carla's average sale per customer.
9. The Thomas Register of American
Manufacturers lists companies that specialize
in crea ng ________.
Select one:
a. prototypes
b. copyrights
c. products
d. services
a.
prototypes
10. The cost of material used to make a
product and cost of labor used to make the
product is associated speci cally with a single
________ of sale.
Select one:
a. dozen
b. hour
c. unit
d. dollar
c.
unit
12. Business start-up cost informa on can be
obtained from
All of the above
a.
quota ons from vendors
b.
advisors
c.
industry data
d.
All of the above.
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13. You should keep reserves of at least
________.
Select one:
a. one year of xed opera ng costs
b. one half of the start-up investment
c. 6 months of xed opera ng costs
d. 3 months of xed opera ng costs
b. one half of the start-up investment
b.
xed opera ng cost
22. The percentage of value of an asset
subtracted each year un l the value becomes
zero, to re ect wear and tear on the asset, is
called ________.
Select one:
a. reduc on
b. deprecia on
c. deduc ble
d. inventory
deprecia on
23. If a business has total gross pro t of
$14,720 and total opera ng costs of $11,500,
what is its net pro t?
$3,220
24. If a business sells 5,000 units for a total
pro t of $200,000, what is its pro t per unit?
$40
25. Total Revenue divided by ________ =
units sold.
selling price
28. In the phrase I SAID U R + "Other FXs", UR
stands for
u li es, rent
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20. Deprecia on is a(n. ________.
Select one:
a. variable cost
b. xed opera ng cost
c. exible cost
d. administra ve cost
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16. It is wise to keep a reserve equal to onefourth of the start-up investment.
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true
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15. A cri cal cost for a beginning business is
the seed capital.
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14. ________ will tell you how long it will take a.
you to earn enough pro t to cover your start- Payback
up investment.
Select one:
a. Payback
b. Return on sales
c. ROI
d. Return on assets
B. are not direct costs of crea ng each
product
C. are not included in COGS
D. include expenses like rent
BENER SEMUA
30. ________ is what remains when you
subtract xed and variable costs and taxes
from revenues
Net pro t
31. Fixed opera ng costs can change over
me.
True
32. Deprecia on is the percentage of value of
an asset added each year to re ect wear and
tear on the asset.
False
35. The systema c recording, repor ng, and
analysis of the nancial transac ons of a
business is called
accoun ng
36. Record keeping for a very small business
records of transac ons
can be accomplished by a journal and les for
storing ________.
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37. ________ is a review of nancial and
business records to ascertain integrity and
compliance with standards and laws,
par cularly by the U.S. Internal Revenue
Service.
Select one:
a. Due diligence
b. Assessment
c. Scru ny
d. Audit
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29. Fixed opera ng costs ________
d.
Audit
QUIZ 4
Jawaban
1. Which of the following is not a basic
nancial document that entrepreneurs use to
track their businesses?
market share statement
2. The last line of an income statement shows net pro t or net loss
a business's
3. In the income statement, EBIT minus
interest costs equals
pre-tax pro t
5. An income statement shows whether the
di erence between revenues (sales. and
expenses (costs. is a pro t or a
loss
7. The power of the income statement is that
it will tell you whether you are ful lling the
formula of buying low, selling high, and
mee ng customer needs.
True
9. Owner's equity is also called
net worth
10. Cash itself or items that could be quickly
turned into cash or will be used within 1 year
are called ________.
Select one:
a. liquid cash
b. current assets
c. liquid assets
d. long-term assets
c.
liquid assets
11. Liabili es that will be paid over a period of d.
more than one year are ________.
long-term liabili es
Select one:
a. long-term assets
b. None of the above.
c. equity
d. long-term liabili es
12. Owner's equity consists of ________.
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14. What must balance with assets on the
balance sheet?
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Soal Quiz 4
a.
b.
c.
d.
preferred equity
All of the above.
common equity
retained earnings
liabili es and owner's equity
16. You can create ________ from your
income statement that will help you analyze
your business further.
b.
deprecia on schedule
nancial ra os
17. The balance sheet equa on tells us that
assets - liabili es = net pro t.
False
19. To see how costs are a ec ng net pro t,
try analyzing the income statement by
expressing each ________.
As per unit of sales
24. Calculate the return on sales for a
business that has net income of $25,000 and
sales of $60,000.
Select one:
a. 4.2%
b. 42%
c. 4.2
d. 0.52
b.
42%
25. How would you express a ra o as a
percentage?
mul ply it by 100
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pro t margin
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28. Return on Sales (ROS. is also called a(n
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51%
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26. If you invest $1,525,000 in a business and
earn a return of $775,000, what is your ROI?
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Select one:
a. divide it by 100
b. mul ply it by 100
c. None of the above.
d. add a percentage sign
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15. Because di erent types of assets
depreciate at di erent rates, and because
they are purchased at various points in me
businesses keep a(n. ________ to track the
valua on of each asset that is being
depreciated.
Select one:
a. balance sheet
b. deprecia on schedule
c. income statement
d. cash ow statement
c.
ROI
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collec on-period ra o
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36. If you extend credit, it is cri cal to
minimize this number to keep cash owing.
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nancial ra os
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33. What analy c tool allows you to compare
income statements from di erent periods,
even if the dollar gures are very di erent?
Select one:
a.income analyses
b.asset analyses
c.same-day statements
d. nancial ra os
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32. When the ra o of expenses versus sales is
used to express expenses as a percentage of
opera ng
sales, it is called a(n. ________ ra o
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29. The expression, "What you made over
what you paid, mes one hundred," is a
device to remember how to compute
________.
Select one:
a. None of the above.
b. ROA
c. ROI
d. ROS
QUIZ 5
Jawaban
4. Which of the three nancial statements an
entrepreneur prepares is used to guide the
day-to-day opera ons of the business?
the cash ow statement
5. Why is it not a good idea to rely on your
income statement to run your business?
The income statement deducts non-cash
expenses, such as deprecia on, even when no
cash is actually owing out of the business.
6. Which business below is most likely to have tax return prepara on business
cash ow that is cyclical?
8. Which of the following is not a key rule for
managing cash ow?
Pay bills as soon as possible.
Select one:
a. Pay bills as soon as possible.
b. Check cash balance every day.
c. Pay bills as late as possible but on
me.
d. Collect cash as soon as possible.
9. On your cash ow statement, you will need add back
to _____ the amount you deducted from the
income statement as a deprecia on expense
13. The cash ow statement is: cash ow =
cash on hand + credit and cash sales - cash
disbursements.
False
15. A burn rate is ________.
the amount of cash per month a business can
spend before it runs out of cash
18. What are the two steps in making a cash
ow projec on?
projec ng cash receipts and subtrac ng
expected cash expenses
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True
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29. Factoring is the selling of a business'
accounts receivables at a discount to a
nance company called a factor in exchange
for immediate cash.
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True
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28. Both cash in ows and ou lows can be
managed to control overall cash ow.
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19. Orders are not entered onto the cash ow don't get the cash un l the customer actually
statement as cash receipts because you ____. pays for the order
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Soal Quiz 5
False
33. ________ tax is federal tax that business
owners are assessed on wages paid to
themselves.
Select one:
a. Self-employment
b. Unemployment
c. Sales
d. Corporate
Self-employment
34. Corporate, partnership, individual income
tax, and _______ tax returns must be led on
me with the U.S. Internal Revenue Service.
Select one:
a. state
b. township
c. self-employment
d. local - city or county
c.
self-employment
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38. A ________ is a legal structure for your
b.
business which separates the owners/
limited liability company (LLC.
partners from personal liability and provides a
more exible alloca on of pro t and loss.
Select one:
a. partnership
b. limited liability company (LLC.
c. sole proprietorship
d. limited partnership
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30.Future value is a component of the me
value of money;however, presentvalue is not.