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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is included in establishment costs?
💡 Hint: Think about the foundational expenses for starting a business.
Question 2
Easy
Why are licenses important in starting a business?
💡 Hint: Consider the implications of not having a license.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the primary component of establishment costs?
- Marketing
- Establishment Costs
- Employee Salaries
💡 Hint: Focus on what a business needs to start functioning.
Question 2
True or False: Licenses are optional for businesses.
- True
- False
💡 Hint: Think about legal requirements for businesses.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
If a business underestimates its license fees and has to pay additional fines later, what financial strategies could it employ to manage this unexpected cost?
💡 Hint: Think about how businesses can adapt when facing unplanned expenses.
Question 2
Design a startup budget for a small gym including all potential establishment costs. Provide justification for each item.
💡 Hint: Consider all operational aspects of a gym when planning your budget.
Challenge and get performance evaluation