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Unit 1 Review: Flashcards | StudBud
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Unit 1 Review:
Unit 1 Review:
10 terms
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StudBud Administration
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#test #entrepreneurship #grade12
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
the proportion of a loan that is changed as interest to the borrower is?
default risk
liquidity risk
maturity rate
interest rate
2
which is a tax in which the tax rate increases as the taxable amount increases?
proportional tax
property tax
progressive tax
income tax
3
What are some small business opportunities in International trade?
finding new customers
exporting products
reducing foreign demand
increasing competition
4
short statement of the business plan, capturing the interest of its readers to make them read
income statement
Swot Analysis
consumer price index
executive summary
5
why would an entrepreneur discuss the concept of a new business with an industry expert?
wants to increase the business's profit margins
needs to obtain a commercial bank loan
Ready to plan promotional activities
lacks knowledge or experience in the field.
6
What does inflation do?
increase in prices and fall in the purchasing value of money
inflate balloons.
reduction of the general level of prices in an economy
7
How many factors make up a business plan?
5
8
12
3
8
A formal statement of a set of business goals, the reasons they are believed attainable is?
a risk
a business plan
a self starter
an income statement
9
A period of temporary economic decline is?
inflation
recession
an interest rate
a targeted inflation rate
10
what type of tax are businesses ewquired to pay on the profits they earn?
sales
proportional
flat
regressive
