Will you be back next year?

Mayhaps (I is thinking), Hopefully (I is thinking), No (we need to talk), Of course, why is this a question >:(

Why are writing business plans important?

It's a roadmap that is used to convince people to work with you

Which of the following is true about the time value of money?

A sum of money in the future is less valuable than it is today.

What are the four parts of a strategy canvas?

Eliminate, Reduce, Raise, Create

The primary goal of financial management is to

Maximize the current value per share of the existing stock

What are Porter's Five Forces?

Used to analyze the competitive intensity and attractiveness of an industry

What is an example of mutually beneficial exchange?

bakery sells cupcakes while making a small profit, consumers benefit

What are three essential skills of an entrepreneur?

Leadership, Problem Solving, Communication, Planning, Decision Making, Financial Skills, Time Management, Ambition, Creativity, Communication, Planning, Decision Making

What is SWOT Analysis?

Framework used to evaluate competitiveness and to strategize planning

Why is conducting market research essential prior to launching a business?

Find competitive advantages for your business

Money that has already been spent and cannot be recovered.

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GFB FINAL!!

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Questions 20

Answers

1
Will you be back next year?
Mayhaps (I is thinking)
Hopefully (I is thinking)
No (we need to talk)
Of course, why is this a question >:(
2
In stocks, what is the most basic price chart?
Line chart
Bar chart
Pie chart
Candlestick chart
3
Why are writing business plans important?
Guarantee your business's success
You can never change your business plan once it's written
It's a roadmap that is used to convince people to work with you
Investors will automatically give you funding if you have a business plan
4
Which of the following is true about the time value of money?
PV=FV(1-r)^t
PV=FV(1+r)^t
A sum of money in the future is less valuable than it is today.
By this concept, it is wiser to save money than it is to invest
5
What are the four parts of a strategy canvas?
Eliminate, Reduce, Raise, Create
SWOT Analysis, PEST Analysis, Value Chain, Five Forces
Mission Statement, Vision Statement, Planning, Eating
Markets, Products, Cost Analysis, Sales Forecasting
6
“Accounts receivable” is the money owed to your company, while “accounts __” refers to the money that you owe to others.
payable
giveable
giftable
debted
7
In which scenario would mutually beneficial exchange definitely increase domestically?
Comparative advantage does not exist
Interest rates increase
Production frontiers are identical
Increase in market size
8
Which of these actions of an entrepreneur will most likely result in creative destruction?
Developing new products
Taking over a competitor's business
Issuing shares to individuals and institutions
Lowering prices of your products
9
The primary goal of financial management is to
Maximize current dividends per share of the existing stock
Maintain steady growth in both sales and net earnings
Minimize operational costs and maximize firm efficiency
Maximize the current value per share of the existing stock
10
What are Porter's Five Forces?
A method for evaluating financial performance
A set of principles for effective time management and productivity
Used to analyze the competitive intensity and attractiveness of an industry
A model for organizational behavior and leadership styles
11
What is an example of mutually beneficial exchange?
coffee shop sells at at a lower price than production, consumers benefit
coffee shop sells at a higher price than production, consumers benefit
bakery sells cupcakes while breaking even in costs, cosumers do not benefit
bakery sells cupcakes while making a small profit, consumers benefit
12
In the common business or science abbreviation "R&D," what does the letter R stand for?
Reboot
Receivable
Real estate
Research
13
What are three essential skills of an entrepreneur?
Leadership, Problem Solving, Communication
Planning, Decision Making, Financial Skills
Time Management, Ambition, Creativity
Communication, Planning, Decision Making
14
What is SWOT Analysis?
A statistical method used to predict stock market trends
Psychological test to determine an individual's emotional intelligence
Software tool used for scheduling and project management
Framework used to evaluate competitiveness and to strategize planning
15
What allows for mutually beneficial exchange?
coercion
unlimited money
preference differences
decreasing marginal benefits
16
What is the main purpose of any stock chart?
For markets to compete with each other
To manipulate the market
To visualize trading activity
Ensure that investment choices have a near-perfect accuracy rate
17
Why is conducting market research essential prior to launching a business?
Find competitive advantages for your business
Ensures your competitors will fail
Allows you to avoid all risks in business
Guarantees immediate profit
18
What are sunk costs?
Money that has already been spent and cannot be recovered.
A price of a good/service that has dropped significantly
Money that has sunk to the bottom of the ocean.
The opportunity cost of buying an additional unit of a good/service.
19
GFB is your favorite club
True
False
20
What are the two most widely followed American stock market indexes?
Tesla and Amazon
S&P and Dow Jones
MSCI World and FTSE 100 Index
NYSE Composite and S&P 500

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