If you were trying to assess an individual's grasp of basic finance, which two questions would you ask them?
I’m trying to develop a quick survey for a group of entrepreneurs to gauge their knowledge in different areas. What questions would you ask someone to determine whether they understand key finance concepts important for starting a new business?
For example: What does Gross Margin mean?
or… What is the difference between Revenue and Earnings?
I’m looking for maybe ten questions or so…
This question is in the General Section. Responses must be helpful and on-topic.