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What is a "start-up cost?"

How is shrinkage calculated?

Security & Finance

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Questions 10

Answers

1
How is shrinkage calculated?
Checking vendor spreadsheet
Comparing previous sales
Questioning staff
Counting merchandise
2
What is a "start-up cost?"
Additional interest banks charge for loans to new businesses
Cost associated with opening and operating a new business.
Time and money to get ready for business each day
3
Which is NOT a factor in reducing shoplifting?
Guard dogs
Security devices
Intelligent store layout
Employee Education
4
Which of the following is NOT a strategy used to discourage employee theft?
Screening potential employees
Administering lie-detector test
Requiring management approval of all discounts
Routine checks of backrooms and trash bins
5
What report would you look at to find the sales for a week?
Income Statement
Balance Sheet
Inventory Report
Bank Statement
6
From a businesses perspective, the definition of shrinkage is
losses caused by a natural disaster
anything decreasing in size
none of the above
losses caused by theft
7
It is essential that you have your own money to contribute to your business before a bank lends you money.
False
True
8
What report would you look at to find out if your liabilities (debt or loan) still exists?
Balance Sheet
Bank Statement
Income Statement
Inventory Report
9
Business owners find money to start their business from
banks
venture capitalists
All can lend money
family and friends
10
Which is an example of internal theft?
Burglary
Salesman giving his girlfriend an unauthorized discount
Mail fraud
Customer stuffing a piece of jewelry in her purse