True/False question

1. Life stages and events play a big part in the determination of financial planning.

2. Non-current liabilities are debts that must be paid within one year.

3.Your trademark consists of what you say about the product on your packaging, not only identifying the product but providing information about the contents of the package.

4. With penetrating pricing, a company would initially charge a low price on a product to get its foot in the door.

5. According to the U.S. Department of Transportation, trains are the transportation of choice for most goods.

6. Money market mutual funds pay interest to investors who have pooled funds to make short-term loans to businesses and government bodies.

7. Credit unions are widely used because theyre easier to deal with than banks.

8. Angels are usually wealthy individuals willing to invest in start-up ventures that they believe will succeed.

9. A financial manager determines when a company will repay the money its borrowed.

10. According to the Small Business Administration, 10% of all new product innovations come from small businesses.

11. Large companies seek all of their product ideas from those outside the organization, including current customers.

12. If your proposed business was a frozen yogurt store in Michigan, you could get an estimate of the number of customers you might have if you asked those leaving a bakery in California if theyd buy frozen yogurt in the winter.

13. Its statement of cash flows tells a business only where its cash was spent.

14. Your income statement shows how much cash you have coming in and going out.

15. A current loan is due in two years.

16. In the summer of 2001, executives at Enron manipulated accounting reports to make the energy company look better off financially than it really was.

17. At one time, most consumer goods were customized to meet the needs of the buyer who ordered them. 18. At one time, most consumer goods were customized to meet the needs of the buyer who ordered them. 19. PERT charts are simpler and easier to use than Gantt charts.