Quiz : Preparing for Your Financial Projection

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Question 1 of 10

1. Question
1. What is the number one mistake that leads to project failure?
- A. Incapable Investors
- B. Bad Location
- C. Wrong Financial Projections
- D. Limited Funding
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Question 2 of 10

2. Question
2. Financial projections can be described as
- A. A way to forecast future revenue and expenses for your project
- B. Financial statements that indicate the project's past financial health
- C. Financial model for a specific industry
- D. Financial standards set by regulators to be complied with
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Question 3 of 10

3. Question
3. Which is correct?
- A. Short term projections usually cover more than 5 years
- B. Short term projections usually cover 1 Year
- C. Short term projections usually cover between the next 3 to 5 years only
- D. All the above
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Question 4 of 10

4. Question
4. Long term projections usually use..
- A. To purchase assets for expansion
- B. To control sales prices
- C. When creating a strategic plan or for attracting investors
- D. None of the above
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Question 5 of 10

5. Question
5. What is the importance of financial projections?
- A. To see when you may have financing needs
- B. To see the best times to make capital expenditures
- C. To monitor the pricing changes and alter production plans
- D. All the above
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Question 6 of 10

6. Question
6. The six components of financial projections discussed are:
- A. Trial Balance, Cash Book, Profit & Loss, Balance Sheet, Cash Flow Statement, and Annual Report
- B. The Actual Results, The Forecast, The Risk, The Actions To Minimize Risk, The Roadblocks, and The Actions The Team Can Take
- C. Fixed Assets, Current Assets, Cash, Liabilities, Equities, and Reserves
- D. Sales, COGS, Gross Profit, Expenses, Net Profit, Reserves
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Question 7 of 10

7. Question
7. In creating Sales Projection, external factors like economic conditions, new tariffs and industry environment must also be taken into consideration. Select the correct statement
- A. True
- B. False
- C. Both
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Question 8 of 10

8. Question
8. These are the financial statements included in the financial projections except for
- A. Balance Sheet
- B. Income Statement
- C. Bank Reconciliation Statement
- D. Cash Flow Statement
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Question 9 of 10

9. Question
9. What is the formula to calculate the Expected Total Sales using the Google Sheet
- A. @sum(sales column)
- B. =(average sale price of product)*(expected number of sales of product)
- C. =(expected sales of product1) + (expected sales of product2) +…
- D. =(Total sales)*(1+10%)
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Question 10 of 10

10. Question
10. How many methods are there in creating Revenue Projections?
- A. 2
- B. 3
- C. 4
- D. 5
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Quiz : Preparing for Your Financial Projection

Quiz : Preparing for Your Financial Projection

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