Introduction to Business

Section 1: Financial Management

Self-Checks

1
Money supplied by investors, banks, or owners of a business is called ______ .
A)capital
B)cash
C)financial input
D)participation
2
Money used to pay for equipment and supplies needed to start a new business is called ______ capital.
A)initial
B)opening
C)start-up
D)venture
3
Remodeling costs, security deposits, and legal permits can be described as ______ expenses.
A)growth
B)opening
C)operating
D)start-up
4
Payroll, rent, and utility bills can be described as ______ expenses.
A)cycling
B)day-to-day
C)ongoing
D)operating
5
It is best to be ______ when preparing financial forecasts.
A)aggressive
B)conservative
C)liberal
D)rash
6
A plan for the amount expected to be spent and earned over a given period of time is called a(n) ______ budget.
A)cash
B)operating
C)start-up
D)working
7
Major sources of start-up capital for entrepreneurs are ______ resources, such as friends, family, and others.
A)casual
B)conventional
C)informal
D)personal
8
A financial plan can be used to attract ______ .
A)consumers
B)customers
C)employees
D)investors
9
A financial plan is like a ______ .
A)check up
B)report card
C)road map
D)score card
10
A financial plan usually consists of ______ that outline the essential financial facts about the new business.
A)multiple documents
B)legal documents
C)lists of numbers
D)manuals
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