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7070707 Flashcards | StudBud
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7070707
7070707
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StudBud Administration
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Practice quiz
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Questions
10
Answers
1
What is an effective strategy for saving money?
Taking out multiple loans
Keeping money at home
Spending money immediately
Creating a financial plan and tracking expenses
2
Which of the following is considered passive income?
Buying and selling goods
Salary
Bank interest, rental income, investments
Cash
3
What is the primary goal of marketing in business?
Promoting products or services to increase sales
Managing accounting processes
Recruiting employees
Organizing documentation
4
What is the biggest risk when launching a business?
Excessive paperwork
Employees not showing up
Lack of return on investment or no profit
Difficulty in advertising
5
What is the first thing you need to start a business?
A friend
A physical location
A loan
A solid idea and a business plan
6
Which of the following is a source of income?
A mobile phone
An expense
A scholarship
A credit card
7
What does a personal budget consist of?
A record of both income and expenditures
Only expenses
Only saved money
Only monthly income
8
What does financial literacy mean?
Skill in trading
Simply the ability to earn money
The ability to manage, save, and plan finances effectively
The ability to work at a bank
9
What should be taken into account when applying for a loan?
The interest rate and repayment terms
The bank’s phone number
The amount of money provided
The bank’s address
10
What tax system can an individual entrepreneur operate under?
Social tax
Only Value Added Tax
Only corporate income tax
Patent or simplified tax regime
