Questions Flashcards
When you work within an organization, you’re typically not taught to?
act as your own supervisor
Assuming you own a home, where would the appraisal value of your home go in a personal balance sheet?
Under assets
When budgeting for your immediate needs, you should divide them into?
discretionary and fixed expenses
According to the discussion of the “color of money,” blue money is?
invested for the long term
In ancient Greece, a group of people living together with the common purpose of taking care of each other through economic activity was called a(n)?
household
In thinking about the “color of money,” which color would correspond to a DVD player charged on a department store credit card?
Red
As you do your _______ when considering a business venture, you should consider factors such as your financial resources, your special skills, where you live, and what you like to do with your time.
creative thinking
You’re in search of the job that will give you a sense of self-esteem and allow you to employ your skills. Which among the four general types of life goals are you mainly pursuing?
Seeking your ideal social place
You’re in the process of setting up a business plan. In particular, you’re thinking about how to work your plan. You need to focus on two process considerations. The first concerns organization of the business; the second concerns the operations of the business, such as?
deciding who will do what and when
In working out your plan for pricing your products, you decide to keep your prices at about the same level as similar businesses in adjoining states. This could best be described as a _______ approach.
simple comparison
You’ve decided to capitalize your new business through a bank loan and through offering stock to a limited number of investors. Your initial funding will?
include debt and equity financing.
In this study unit, you were encouraged to create a graphic representation of how you spend your time over 24 hours. It suggested using different colors to indicate your level of?
effort
As you manage your personal finances, you’ll probably want to pay attention to general conditions in the economy. One general concern for most people managing their day-to-day finances would be?
current interest rates
An entrepreneur estimating costs for a new business tends to avoid looking at the?
inevitability of things going wrong
As a bank loan officer looks over your business plan, which of the following statements is most likely to get more of her careful attention when she considers the progress your business will make?
Your cash flow projection
