Which statement is the correct statement?

Personal finance is 20% head knowledge and 80% behavior

What is an investment?

Purchase of assets that will be used by a business

Amount of money originally invested

What is an entrepreneur?

Someone who creates and runs their own business

What is a credit card?

Card, used for purchasing goods. Paid back over time.

What is another term for marketing?

All of these answers are correct.

What is a debit card?

Card used to buy goods, money comes directly out of bank acc

Money left over, after all expenses are paid

The sum of all the wages, salaries, and forms of earnings.

Amount of money a company pays its employees

A quality of a good entrepreneur is

Capable of making tough decisions

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Entrepreneur to Finance

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#Entrepreneur review and introduction to Finance

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Questions 33

Answers

1
When something appreciates in value
it is a polite person
it gains value
It blows up
it loses its value
2
Which statement is the correct statement?
Personal finance is 60% behavior and 40% head knowledge
Personal finance is 40% behavior and 60% head knowledge
Personal Finance is 20% behavior and 80% head knowledge
Personal finance is 20% head knowledge and 80% behavior
3
What is an investment?
Movement of cash into & out of a business over time
Purchase of assets that will be used by a business
Earnings or income made by a firm as a result of trading
Income received from sales less cost of goods sold
4
Which trait is a good entrepreneur trait?
Determination
Easily distracted
Stubbornness
Laziness
5
What is principle?
Amount of money originally invested
Mr. Jolley
Amount of money donated to the school
Amount of money gained on investments
6
Is this an example of a service, product, or idea?
Idea
Service
I'm lost :(
Product
7
someone who makes an item better is an
Inventor
genius
Lazy
Innovator
8
Being a successful entrepreneur is something everybody can do?
True
False
Only if you're a girl
Only if you're a boy
9
What is an entrepreneur?
Natural ability to do a particular type of work, well
Someone who creates and runs their own business
A weird French word
A work program, on the job training, in a business setting
10
What is a credit card?
Card, used for purchasing goods. Paid back over time.
Little plastic card, used for whatever you want!
Free money!
Card used to get into big debt
11
What is another term for marketing?
All of these answers are correct.
Billboard
Commercial
Advertising
12
Gross pay is $1000, Deductions total $250. What is Net Income
$1,000.oo
$500.00
$750.00
$250.00
13
Who is the wealthiest male entrepreneur in the world today?
Jeff Bezos(Amazon)
Mark Zuckerberg
Warren Buffet(Berkshire Hathaway)
Bill Gates(Windows)
14
What is a debit card?
Card sent to your brother for Brothers Day.
Card used to buy goods, money comes directly out of bank acc
Card used to by goods, money can be paid back monthly
Card used to go into debt
15
What is profit?
Money sent to the government
Money left over, after all expenses are paid
Money lost on an entrepreneur idea
I want a Snickers bar
16
How many new businesses start up each month?
~678,000
~5,575
~10,000
~1,000,000
17
someone who creates a brand new, never before seen idea is a(n)?
Inventor
Innovator
Psychologist
An entrepreneur
18
What is income?
Money lost in coming months
Money paid in the direction of a friend
The sum of all the wages, salaries, and forms of earnings.
"All ye, all ye in come free!"
19
Can your interests and hobbies lead to a successful business?
Interests don't interest me
I have a hobby!
No
Yes
20
Is this an example of a service, product, or idea?
Idea
Service
Product
Go Cougars!
21
One disadvantage of being an entrepreneur is?
You don't make enough money
Chance of bankruptcy
You do what you love to do
You make your own hours
22
What is payroll?
a roll of payper
Amount of money a company pays its employees
A roll of payments a company will make today
Amount of money paid to a customer
23
#1 reason businesses fail?
Economic conditions
Price changes
Poor management
Money managment
24
Net income or net pay is also known as
Gross income
Money used to pay the bills
wages before withholdings
Take home pay
25
Is this an example of a service, product, or idea?
I get it, can we move on?
Idea
Service
Product
26
A quality of a good entrepreneur is
Ability to love
Capable of making tough decisions
Being too nice
unable to adapt
27
Wealthiest Female entrepreneur in the world?
Chan Laiwa (Fuwah International group)
Zhou Qufei (Lens technology)
Diane Hendricks (ABC roofing Supply)
Pollyanna Chu (Kingston Financial)
28
a good budget has this quality
All of these are correct
Practical
geared toward your own goals
Flexible
29
If J R has a budget deficit for 2 weeks, how should he eliminate the deficit?
Find a better paying job
Review expenses and cut back
Stop paying rent to parents
Stop saving money
30
What is a budget?
Something about allocating your time
A waste of your time and money
An adults problem
A plan for your income
31
A(n) (________) is a specific group of customers a business plans to target?
demographic
Market segment
Target Market
Industry
32
When something depreciates in value
Mr. Dodge is very capable!
It becomes garbage
It loses value
It increases in value
33
Is a nurse an example of a service, product, or idea?
Product
Idea
Service

Entrepreneur to Finance Flashcards | StudBud