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Sample business quiz

Session Quiz

  1. The most common and biggest mistake made by entrepreneurs is not having sufficient money.

  2. The primary reason to prepare a business plan before you begin is to create a tool to deal with investors and financing sources.

  3. In preparation of financial projections for your business plan, it is as important to estimate long range sales and earnings as it is to project short-term objectives

  4. Pre-employment screening is of greatest importance when you're starting out.

  5. Self Insurance is an acceptable cost-saving strategy for a start-up business.

  6. In most cases, the very best way to become qualified in a business you intend to open is to:

  7. Starting a "hollow corporation" means:

  8. You have always dreamed of opening a hardware store but now that you're ready to start, you realize that the Home Depots of the world would be too hard to challenge. You should:

  9. What is the single most frequently made mistake that leads to failure?

  10. In buying a business, it is usually recommended to purchase the stock of the business rather than the assets of the business.

  11. If you are planning to open a doughnut shop, it would be a good marketing strategy to sell ice cream during the summer when the doughnut business slows down.

  12. If your cash flow projection indicates a negative cash flow six months down the line, the FIRST remedy would be to:

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