SDI FFT 240 LATEST EVALUATION EXAMS
QUESTIONS AND ANSWERS SURE A+
✔✔Zoning Permit - ✔✔When starting a business you need to check for Business
Licenses, State Licensing, Seller's Permit, and which of the following:
✔✔Carrying Out the Plan - ✔✔Marketing involves a plan to make people aware of your
business. In contrast, advertising is which of the following:
✔✔False - ✔✔T/F: Classified ads do not work well for many small businesses.
✔✔True - ✔✔T/F: Few small businesses can afford, or need to use, radio or television.
✔✔Display Advertising - ✔✔A business owner should consider hiring an agency if the
budget is large enough to include which of the following:
✔✔Direct Mail - ✔✔Which of the following includes brochures, letters, reply cards, price
lists, catalogs, and coupons:
✔✔False - ✔✔T/F: Publicity is a form of promotion and something that is always within
control of the business owner.
, ✔✔Percentage of Sales Method - ✔✔The best method of developing an advertising and
promotional budget is based upon which of the following:
✔✔Referrals from Existing Customers - ✔✔One of the best sources of new customers
is which of the following:
✔✔Professional or Trade Magazines - ✔✔One source of advertising is effective
because it will often lie around for months, producing results long after it is issued, and
is which of the following:
✔✔False - ✔✔T/F: Advertising and Promotion are both significant expenses that a
business will incur.
✔✔Balance Sheet - ✔✔Which of the following discloses your business net worth by
summarizing your assets (cash on hand, accounts receivable, investments, and
property) and your liabilities (accounts payable and debts):
✔✔Expenses - ✔✔There are two things your financial record-keeping system should
track: income and which of the following:
✔✔Accrual - ✔✔There are two types of accounting methods: cash and which of the
following:
✔✔Accounts Payable Ledger - ✔✔If you have bills you hold until their due date or until
customers' payments come in, or if you have many bills to pay, you need to create
which of the following:
✔✔Database Management - ✔✔Which of the following is a fancy term for making lists,
as related to starting and managing a business:
✔✔Accounts Receivable - ✔✔Every time you send out an invoice, or bill, to a customer
for payment, you need to record which of the following:
✔✔Keep Track of Money - ✔✔One reason to keep business records from the start of
your business is which of the following:
✔✔Expenses - ✔✔Disbursements include all money that goes out of your business and
is called which of the following:
✔✔Balance Sheet - ✔✔A statement of assets and liabilities is called which of the
following:
QUESTIONS AND ANSWERS SURE A+
✔✔Zoning Permit - ✔✔When starting a business you need to check for Business
Licenses, State Licensing, Seller's Permit, and which of the following:
✔✔Carrying Out the Plan - ✔✔Marketing involves a plan to make people aware of your
business. In contrast, advertising is which of the following:
✔✔False - ✔✔T/F: Classified ads do not work well for many small businesses.
✔✔True - ✔✔T/F: Few small businesses can afford, or need to use, radio or television.
✔✔Display Advertising - ✔✔A business owner should consider hiring an agency if the
budget is large enough to include which of the following:
✔✔Direct Mail - ✔✔Which of the following includes brochures, letters, reply cards, price
lists, catalogs, and coupons:
✔✔False - ✔✔T/F: Publicity is a form of promotion and something that is always within
control of the business owner.
, ✔✔Percentage of Sales Method - ✔✔The best method of developing an advertising and
promotional budget is based upon which of the following:
✔✔Referrals from Existing Customers - ✔✔One of the best sources of new customers
is which of the following:
✔✔Professional or Trade Magazines - ✔✔One source of advertising is effective
because it will often lie around for months, producing results long after it is issued, and
is which of the following:
✔✔False - ✔✔T/F: Advertising and Promotion are both significant expenses that a
business will incur.
✔✔Balance Sheet - ✔✔Which of the following discloses your business net worth by
summarizing your assets (cash on hand, accounts receivable, investments, and
property) and your liabilities (accounts payable and debts):
✔✔Expenses - ✔✔There are two things your financial record-keeping system should
track: income and which of the following:
✔✔Accrual - ✔✔There are two types of accounting methods: cash and which of the
following:
✔✔Accounts Payable Ledger - ✔✔If you have bills you hold until their due date or until
customers' payments come in, or if you have many bills to pay, you need to create
which of the following:
✔✔Database Management - ✔✔Which of the following is a fancy term for making lists,
as related to starting and managing a business:
✔✔Accounts Receivable - ✔✔Every time you send out an invoice, or bill, to a customer
for payment, you need to record which of the following:
✔✔Keep Track of Money - ✔✔One reason to keep business records from the start of
your business is which of the following:
✔✔Expenses - ✔✔Disbursements include all money that goes out of your business and
is called which of the following:
✔✔Balance Sheet - ✔✔A statement of assets and liabilities is called which of the
following:
