SBE 4.01 SBE 4.01 SBE 4.01 Category 4 Category 5 1pt 1 pt 1 pt 1pt 1 pt 2 pt 2 pt 2pt 2pt 2 pt 3 pt 3 pt 3 pt 3 pt 3 pt 4 pt 4 pt 4pt 4 pt 4pt 5pt 5 pt 5 pt 5 pt 5 pt

What are start-up costs?

One time expenses incurred by the entrepreneur when beginning a business

A local doughnut shop incurs a number of expenses during the month to keep the business running. Which is an expense that will change from week to week or month to month?

Cost of baking goods

Buoy’s Restaurant sets aside $400 a month to cover unexpected expenses Buoy’s Restaurant sets aside $400 a month to cover unexpected expenses. This represents a/n:

Contingency fund

Expenses that do NOT remain the same from month to month are:

Variable cost

Deposits paid prior to opening the business to connect utility services for a new business are considered:

Start-up cost

Expenses that are NOT affected by sales volume are called:

Fixed Cost

One factor that affects start-up costs of a new business is:

Whether a business is a retail or wholesale organization

Miscellaneous expenses incurred by the entrepreneur for clothing, travel and entertainment are:

Personal Expenses

Initial inventory for the business is which type of cost?

Start-up cost

As she prepared to open her new flower shop, Jamesia made several trips to talk with an accountant. The fees paid for those consultations would be classified as:

Start-up cost

Advertising and promotion expenses for an ongoing business are:

Variable Cost

Which is NOT a factor that affects start-up costs?

Number of customers purchase goods and services on opening day