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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is project budgeting?
💡 Hint: Think about cost estimation.
Question 2
Easy
Why is start-up funding important?
💡 Hint: Consider how businesses begin.
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 purpose of project budgeting?
- Minimize risks
- Estimate costs
- Increase revenue
💡 Hint: What does budgeting help you understand?
Question 2
True or False: Start-up funding is essential for securing initial financial resources for a new business.
- True
- False
💡 Hint: Consider the beginning of a company.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
An engineering firm plans to develop a new software product with an estimated cost of $200,000. They expect to earn $300,000 in revenue. Is this project likely to be financially viable? Justify your answer.
💡 Hint: Consider both costs and expected revenue.
Question 2
Create a funding plan for a start-up that includes at least three different funding sources. Explain why each source is appropriate.
💡 Hint: Think about the advantages each funding source provides.
Challenge and get performance evaluation