Business English Beginner Quiz
Quiz
•
English
•
12th Grade
•
Medium
Luis Navarro
Used 2+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a business plan?
A business plan is a written document that outlines the goals, objectives, and strategies for a business, including financial projections and marketing plans.
A business plan is a type of office furniture
A business plan is a type of accounting software
A business plan is a type of employee training program
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget?
A budget is a type of fruit
A budget is a type of car
A budget is a financial plan that outlines the expected income and expenses over a certain period of time.
A budget is a type of animal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is a business plan important?
A business plan is not important, it's just a waste of time
A business plan is important because it helps to hide the true financial status of a business
A business plan is important because it helps to outline the goals, strategies, and financial projections of a business, providing a roadmap for success and attracting potential investors or lenders.
A business plan is important because it guarantees immediate success
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a budget?
The purpose of a budget is to plan and track income and expenses, and to ensure that money is being used effectively and efficiently.
The purpose of a budget is to encourage overspending
The purpose of a budget is to make it difficult to track income and expenses
The purpose of a budget is to limit spending on unnecessary items
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the key components of a business plan?
Office supplies
Customer testimonials
Employee benefits
The key components of a business plan include executive summary, company description, market analysis, organization and management, product line or service, marketing and sales, funding request, financial projections, and appendix.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a sales forecast in a business plan?
To determine the best color scheme for the office
To plan the company holiday party
To predict future sales and revenue, set realistic goals, make informed decisions, and secure funding.
To track employee attendance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between fixed and variable expenses in a budget?
Fixed expenses are tax-deductible, while variable expenses are not
Fixed expenses are paid annually, while variable expenses are paid monthly
Fixed expenses remain constant each month, such as rent or mortgage, while variable expenses can change month to month, such as groceries or entertainment.
Fixed expenses are for necessities, while variable expenses are for luxuries
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a cash flow statement in a business plan?
The purpose of a cash flow statement in a business plan is to show the inflow and outflow of cash over a specific period, providing insight into the financial health and liquidity of the business.
To track the number of employees in the business
To show the marketing strategies of the business
To display the customer satisfaction ratings
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important for a business to have a well-defined budget?
A budget restricts the flexibility of a business
It is important for a business to have a well-defined budget in order to effectively manage and allocate resources, track financial performance, and make informed decisions for future growth and sustainability.
It is not important for a business to have a budget
Because a budget is a waste of time and resources
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