Question 1

Capital budgets project expenditures on new equipment,vehicles,computers,or new facilities.

Accepted Answer

A) True 
 B)False

Question 2

Selling expense is an expense that can be expected to remain stable over time.

Accepted Answer

A) True 
 B)False

Question 3

As the business grows:

Accepted Answer

A) selling expenses should go down. 
B) salaries and wages will go up as output increases. 
C) the pro forma income statement becomes unimportant. 
D) advertising expenses should go down. 
A) selling expenses should go down. 
B) salaries and wages will go up as output increases. 
C) the pro forma income statement becomes unimportant. 
D) advertising expenses should go down.

Question 4

_________ is(are)added back to the pro forma sources and applications of funds statement because it does not represent and out-of-pocket expense.

Accepted Answer

A) Inventory 
B) Depreciation 
C) Dividends 
D) Equipment purchases 
A) Inventory 
B) Depreciation 
C) Dividends 
D) Equipment purchases

Question 5

As long as the selling price is greater than the _______________ cost per unit,some contribution can be made to cover ________________.

Accepted Answer

A) fixed;variable costs 
B) variable;fixed costs 
C) total;expenses 
D) fixed;negative cash flow 
A) fixed;variable costs 
B) variable;fixed costs 
C) total;expenses 
D) fixed;negative cash flow

Question 6

Notes payable is considered a(n)________ on the balance sheet.

Accepted Answer

A) cash out-flow 
B) current asset 
C) current liability 
D) long-term liability 
A) cash out-flow 
B) current asset 
C) current liability 
D) long-term liability

Question 7

In projecting operating expenses for the second and third year costs like ______ are likely to remain stable unless new equipment or additional space is purchased.

Accepted Answer

A) cost of goods sold 
B) gross profit 
C) advertising 
D) insurance 
A) cost of goods sold 
B) gross profit 
C) advertising 
D) insurance

Question 8

Current liabilities are:

Accepted Answer

A) those liabilities due for payment within a year. 
B) everything owed to creditors. 
C) everything of value owned by the company. 
D) those liabilities that represent the excess over all assets. 
A) those liabilities due for payment within a year. 
B) everything owed to creditors. 
C) everything of value owned by the company. 
D) those liabilities that represent the excess over all assets.

Question 9

________ represent(s)money that is owed to creditors.

Accepted Answer

A) Assets 
B) Cash flow 
C) Owner equity 
D) Liabilities 
A) Assets 
B) Cash flow 
C) Owner equity 
D) Liabilities

Capital budgets project expenditures on new equipment,vehicles,computers,or new facilities.

Selling expense is an expense that can be expected to remain stable over time.

As the business grows:

_________ is(are)added back to the pro forma sources and applications of funds statement because it does not represent and out-of-pocket expense.

As long as the selling price is greater than the _ cost per unit,some contribution can be made to cover __.

Notes payable is considered a(n)________ on the balance sheet.

In projecting operating expenses for the second and third year costs like ______ are likely to remain stable unless new equipment or additional space is purchased.

Current liabilities are:

________ represent(s)money that is owed to creditors.

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Intellectual Property and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

Exam 10: The Financial Plan

Capital budgets project expenditures on new equipment,vehicles,computers,or new facilities.

Selling expense is an expense that can be expected to remain stable over time.

As the business grows:

_________ is(are)added back to the pro forma sources and applications of funds statement because it does not represent and out-of-pocket expense.

As long as the selling price is greater than the _______________ cost per unit,some contribution can be made to cover ________________.

Notes payable is considered a(n)________ on the balance sheet.

In projecting operating expenses for the second and third year costs like ______ are likely to remain stable unless new equipment or additional space is purchased.

Current liabilities are:

________ represent(s)money that is owed to creditors.

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Intellectual Property and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

As long as the selling price is greater than the _ cost per unit,some contribution can be made to cover __.