As an economic developer you have to know about a lot of different things. You have to be aware of what your community is all about, what is happening in the local, regional, national and global economies, what industry trends are happening, what are the best practices in economic development, how to write a good business plan, marketing plan, where to find financing. As an economic developer sometimes it feels like we know a little about a lot. What do you know? This is a quick quiz for you to test your knowledge of economic development terminology and simple basics.
What is absorption?
a) The process of absorbing nutrients into the body after digestion.
b) A measure of how much real estate product is absorbed with a given period of time.
c) Job created minus jobs lost
What is BRE?
a) Business Retention and Expansion
b) Business Recruitment and Enhancement
c) Branch of Real Estate
What is not necessary in a Business Plan?
a) Financial Data
b) Competition
c) Vision Statement
What is breakeven analysis?
a) Breakeven Point = Fixed Costs / (Unit Selling Price – Variable Costs)
b) Breakeven Point = (Fixed Costs – Variable Costs) / Unit Selling Price
c) Breakeven Point – (Fixed Costs + Variable Costs) /Unit Selling Price
What is FDI?
a) Financing Data Initiative
b) Foreign Direct Investment
c) Foreign Development Impact
If I gave you the answers that would be cheating. Besides that’s what Google’s for.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment