1. Nasser is a furniture maker. He calculates that his fixed costs are $2,000 per month and variable costs are $50 per chair. If he sells each chair for $100, how many chairs must he sell to break even?
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Quarter 4
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2. Which quality is most important for an entrepreneur?
3. Kareem is an entrepreneur who is afraid of failure. What advice should he receive based on the topic of being your own boss?
4. What is the primary purpose of conducting a market analysis in a business plan?
5. Which of these is a variable cost?
6. Ali has an idea for a mobile app but needs funding. He writes a detailed business plan to present to investors. What is the main purpose of this plan?
7. Entrepreneurship helps economy by?
8. Layla is deciding between two suppliers for her bakery. One offers cheaper flour but lower quality. Considering her business plan's quality standards, what should Layla prioritize?
9. What is a significant advantage of being your own boss?
10. Huda is a student who wants to start a tutoring business. She has no startup capital. What is the first step she should take according to entrepreneurship principles?
11. Ahmed is a new entrepreneur who wants to avoid financial losses. He carefully tracks all his production costs. Why is this important?
12. Mona is starting a tutoring business and wants to set her prices. She considers her costs and what competitors charge. This pricing method is called:
13. Which of the following is an example of a fixed cost for a software development company?
14. Lamia is writing her business plan and needs to include a statement about the purpose of the business. This is typically found in the:
15. Sara is opening a coffee shop and decides to rent a location. She signs a one-year lease. In her business plan, how should she classify this rent?
16. 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?
17. Which cost changes with production level?
18. 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?
19. The 'break-even point' is reached when a business's total revenue is equal to its:
20. For a software development company, the cost of electricity that increases with more computers running is an example of a: