Cert Exam Prep

Loan applications require:

When launching a business, which is NOT a critical consideration?

Advertising can be important for a new business because it:

A payment made to an insurance company to cover the costs of an insurance policy is called:

Services a company uses to maintain proper financial records, legal filings and documentation.

A company balance sheet is the single report that best indicates:

The maturity of a loan is:

Which factors reduce the cost of borrowing from a bank?

Compared to a bank loan, an online loan is:

Corporate social responsibility:

A business plan has the following purpose:

Companies that do business with a company and can document how well a company pays its bills

To determine whether a business opportunity is realistic, the entrepreneur must:

Goods are securities that can quickly be turned into cash.

The financial term liability refers to:

An investment that holds many stocks together.

Understanding how individuals and businesses earn money and what they spend money on.

Revenues minus costs

An employee:

Debt with a legal obligation by the borrower to pay the debt personally if the business fails

The profit margin on an item a company sells can best be defined as:

Costs that a business incurs that are not part of producing the goods or services its sells ...

An example of a variable cost is:

One critical difference between bank loans and online loans is:

A payment you owe every month.

A breakeven analysis can determine:

Bank loan applications:

Total revenues minus total costs equals:

Assets that are not already pledged as a guarantee to repay another loan

Pricing strategies may include:

A conflict of interest is:

The fixed costs of a business:

An example of a fixed cost is:

A guarantor:

The state agency that collects tax revenues.

Revenue per unit minus cost of goods sold equals:

Funds contributed by investors to a business.

Businesses should always set their prices:

Online loans are:

An example of intellectual property is: