2. Business &Finance

2.1 Business Ideation

Entrepreneurs should define their ideas with first the Why, then the How and last the What

Testing requires a minimal viable product, and you should focus on (among other things) your value and growth hypothesis

Achieving validated learning is a vital part of being able to create your value proposition

An entrepreneur should use the:

You should initially target the

When doing initial tests, you should ask:

Your minimal viable product can be used to:

Two main hypothesis you should test are:

2.2 Financial Literacy and BMC

A sound budget consist of a short-range yearly budget split in months, a long-range quarter to quarter budget of 3 years and should include a balance sheet budget as well.

Business loans require a DSCR score of above 1.0

The Business Model Canvas is split in Back Stage (customer segments, value proposition, channels, customer relationships and revenue structure) and Front Stage (key partners, key activities, key resources and cost structure)

Financial literacy is important because:

The most effective financial budget includes:

A main calculation you can use to evaluate your chances of getting a loan is:

The Business Model Canvas helps you:

The Business Model Canvas includes building blocks such as:

2.3 Basic Accounting Concepts

Which of the following, if any, is not a satisfactory statement of the accounting equation?

A company’s owner’s equity is one-third of its total assets. Its liabilities total $200,000. What is the amount of its total assets?

The financial statement that reports the revenues and expenses for a period of time such as a year or a month is the

Which of the following would not be considered a cash flow from “operating” activities?

The statement of cash flows does not include cash inflows and outflows for which of the following activities?

2.4 Cost benefit Analysis

Risk is _________ a part of cost-benefit analysis

What is the second step in CBA

If NPV is positive, then we

What is described as a positive time preference within an economic cost-benefit analysis?

Which statement is true for the discount rate within an economic cost-benefit analysis?

2.5 Investment Basics

Rate of return is the time that passes from the moment you invest to the moment you get your money back.

Risk depends on time, the nature of the business and personal tolerance to risk.

The discount rate is:

The Internal Rate of Return is:

When analyzing whether to make an investment, you must consider cash outflows and inflows, inflation, risk, transaction costs and/exchange rates.

2.6. Forecasting & Investing

Meaning of forecast: to calculate or predict (some future event or condition) usually as a result of study and analysis of available pertinent data.

Quantitative forecasting is:

Using past data will make forecast 100% accurate.

Qualitative forecasting is:

Excel is not a valid tool for forecasting.

If you want to get the results by email please put your email adress.

Content Organisation