BUSM 180 Midterm Verified Exam Questions and Answers Latest update 2026/2027

BUSM 180 Midterm Verified Exam Questions and Answers Latest
update 2026/2027

Question:
1. What are the 3 things on the bal- Assets, liabilities, owners equity ance sheet

Answer:



Question:
2. Balance sheet equation

Answer:
Assets = liabilities + owners equity

Question:
3. First thing in networking

Answer:
What can you do for them ?

Question:
4. What goes into income statement

Answer:
a) Revenues, expenses
b) Formula: revenues-expenses=net income

Question:
7. aspects of basic business plan 1.Summary of business

Answer:



Question:
5. 7 aspects of basic business plan 1.Summary of business

Answer:
2. Summary of Product/services provided by the business
3.Market analysis
4.Marketing strategy
5.Financial planning
6.Budget, Projected Revenues, Operating Cost
7.Projection of Expected Performance

, Question:
6. Interest: what do we want, what Earn (invest), pay (debt) do we not want

Answer:



Question:
3. activities on cash flow stat-

Answer:



Question:
7. 3 activities on cash flow statment

Answer:
Operating, financing, investing

Question:
8. What is opportunity cost?

Answer:
define

Question:
9. what is contribution margin

Answer:
price-variable cost

Question:
10. Is contribution margin= the cost No / false of a product - cost of marketing

Answer:



Question:
11. 5 p's of marketing

Answer:
Product Place Promotion People Price