Black CEO Factory Exam for Module # 2

According to Dr Boyce, what should NOT be in a business plan?

The money you receive to invest in your business is called ______________

If you do not make a plan for success, you are making a plan for ___________

True or false: To start a business, you must borrow lots of money

According to Dr Boyce, what's the best way to become a better entrepreneur?

True or false: Entrepreneurs must know how to do everything inside the company

Team building and getting help from others is what Dr Watkins calls ________________

Which is NOT one of the ways that Dr Boyce listed for people to get money to start their business?

The things you need to buy to get the business started are called ____________________

True or false: In the example Dr Boyce gave, the cost of a factory would be a fixed cost

If a business earns $1,000 per week and has to pay 4 employees $100 apiece, how much is the profit?

If you make less money than you spend in expenses, will you make a profit?

The amount of money you get back from your investment is called _____________

The things you have to keep paying even after the business is running is called ____________________

The people who put money into your company are called _________________

The things you must buy in the beginning of a business to get started are called ________________