Business Questions
Explore questions in the Business category that you can ask Spark.E!
A photographer enjoys traveling and having freedom over her own schedule. She would like to turn her photography hobby into a business. Which are the two greatest benefits she might experience by turning her hobby into a successful business?
Successful entrepreneurs typically posses which three characteristics?
An entrepreneur wants to own a flower shop and researching the business options available. When 100 potential customers were surveyed, they provided the following responses: Which opportunity for starting a florist business would have the highest probability of success?
A law is passed increasing the minimum wage from $10 to $15 per hour. A gourmet pizza restaurant is popular for obtaining its ingredients locally. Which two factors are most responsible for the price increase?
The owner of an online retail business dropships merchandise from her wholesale suppliers directly to her retail customers. Which expense of her business is variable?
Which is one of the greatest risks of entrepreneurship?
What is a primary drawback of starting a new business without purchasing a franchise or buying an existing business?
Kim went to school and studied to be a chef, he loves cooking and worked hard to master his craft so he could open his own restaurant after graduation, but Kim's family pressured him to take over the family horticulture business instead. Which characteristic might cause Kim's business to fail?
The owner of a computer training center wants to know the book value of all the equipment in the center at the end of the year. Which financial statement provides this information?
A business owner sells ownership to a retirement fund for the employees
The owner of a real estate office prepared a cash flow budget for the coming month. The beginning cash balance was $1,500Match the dollar amount to the correct line item on a cash flow budget:
A property care business provides landscaping maintenance, debris cleanup, and snow removal. The owner is reviewing several requests for its services. Which potential new customer will generate the highest gross revenue over the next year?
A business owner is applying for a loan with a bank. The bank uses a standard credit application form that asks the business owner about her personal income, bank accounts, credit cards, current balances outstanding, whether she rents or owns her house and other personal information. Which three are factors that affect credit scores?
Double-taxed, but best for international businesses
A successful software trainer has decided to open a corporate training business. The software trainer is putting together an organizational chair and assessing what job roles will be needed. What are some of the expected roles of those employees on the highest level of the organizational chart?
The owner of Reliable Appliance Repairs is analyzing financial parts of the income statement including Net Sales, Total Cost of Goods Sold, Gross Profit, Total Expenses, Pre-Tax Profit and Net Profit. Match each figure to correct location in the Income Statement worksheet.
The owner of a pet daycare is presenting a plan to investors to expand the facility and promises the center will meet the needs of customers with a variety of schedules. What is a legitimate value proposition for potential customers?
The partners of an awning repair shop are assessing the amount of money needed to start a business at a new location. The partners have calculating that the business will generate more than enough revenue to cover monthly expenses after its second month in operation. What is the amount of start-up capital the partners will need to open the new awning repair business?
Exchanging ownership for cash, either by acquisition or merger
A carpenter wants to start his own business building custom cabinets. Unfortunately, he has no business training and needs assistance writing a business plan, finding funding, and obtaining general advice. Which agency should the carpenter utilize?