1. Amina wants to open a bookstore. She projects that sales will be $10,000 in the first month and grow 10% each month. What is her projected sales for the third month?
Back to dashboard
Reading mode
Unit 7: Entrepreneurship
Correct answer is shown on each question. Use Next to read one by one.
Question 1 of 20
0% read
2. Costs that change directly with the level of production, such as raw materials, are known as:
3. Which part of business plan deals with money matters?
4. Business objectives should be?
5. Rashid is opening a restaurant and needs to decide on the location. He considers foot traffic, rent, and competition. Which part of the business plan does this relate to?
6. Why is a business plan prepared?
7. How is the Total Cost of Production calculated?
8. The 'break-even point' is reached when a business's total revenue is equal to its:
9. What is cost of production?
10. What is the primary goal of an entrepreneur?
11. Which section of a business plan provides a short, compelling overview of the entire plan?
12. Which of these is a variable cost?
13. In the context of production costs, how is the Total Cost calculated?
14. Fatima is considering leaving her job as a teacher to start a clothing line. Her current salary is $3000 per month. What is the opportunity cost of starting her business?
15. Ahmed is a new entrepreneur who wants to understand his customers' needs better. He conducts surveys and interviews. This is part of:
16. Saeed has a mobile phone repair business. He pays $500 monthly rent and $200 for utilities. He also spends $10 per phone on spare parts. What are his total fixed costs per month?
17. Tariq is considering starting a car wash business. He calculates that the equipment costs $10,000 and monthly rent is $1,000. If he washes 500 cars per month at $10 each, what is his monthly profit before variable costs?
18. Nadia is preparing a business plan for her online store. She includes a break-even analysis. What is the purpose of this analysis?
19. Which skill is most important for an entrepreneur?
20. Tamer is evaluating whether to expand his bakery. He calculates the additional costs and potential revenue. This decision-making process is called: