Domain 4 Lesson 3

An operating budget outlines the ______________ a business will need to run efficiently.

An operating budget includes a breakdown of all of a company's fixed and variable monthly cost and operating expenses such as depreciation and inter on ________.

Bootstrapping is where an owner uses their own _________ to fund a business.

The Small Business Administration (SBA) makes it easier for small businesses to get loans by reducing the ___________ for lenders, community development organizations, and other lending insititutions.

Which one below is NOT a common startup cost for most businesses?

• Business Plan

• Insurance

• Selling Office Equipment

• Licenses and Permits

Rent and Taxes are some of the recurring cost that most businesses have.

• True

• False

Company signs is an example of a one-time expense?

• True

• False

An operating budget outlines the risk a business needs to run efficiently.

• True

• False

When must Small Business Administration real estate loans be repaid?

• 10 year

• 15 years

• 20 years

• 25 years

__________ investors are wealthy individuals willing to finance a business for an equity stake in the business in return.