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Youth KickStart:Financial Literacy Flashcards | StudBud

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4. What does "cash flow" refer to in a business context?

2. Which of the following is an example of a fixed cost in a small business?

Youth KickStart:Financial Literacy

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Answers

1
2. Which of the following is an example of a fixed cost in a small business?
Rent for the business location
The cost of electricity for the month
Sales commission for employees
Cost of materials for a new product
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4. What does "cash flow" refer to in a business context?
The amount of money saved in the emergency fund
The total profit a business makes annually
The movement of money in and out of a business
The total amount of loans a business has
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3. Why is having an emergency fund important for a small business owner?
To avoid taking any loans
To cover unexpected personal and business expenses during difficult time
To avoid paying taxes
To invest in high-risk business ventures
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5. Which of the following is a potential source of capital for a small business startup?
Employee donations
Unpaid bills
Personal Savings
Customer loans
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6. What does managing cash flow in a small business help to achieve?
Reducing the need for inventory
Avoiding customer complaints
Ensuring the business has enough money to cover expenses tooperate smoothly
Increasing marketing expenses automatically
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1. What is the primary reason financial literacy is important for young entrepreneurs?
make them informed financial decision & manage business resources effective
It guarantees immediate business success.
It eliminates the need for budgeting.
It helps them avoid all financial risks.