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Lesson $3\mathrm{.}2$ Check for Understanding

Why are resumes used in business?

Why should an entrepreneur calculate living expenses?

How can the investment of time, effort, and expertise in entrepreneurship outweigh the risks?

How might an entrepreneur calculate the returns to labor and management to compare opportunities?

List two interpersonal skills needed of employees in financial offices.

For each financial statement listed, name one measure or analysis that a lender might look at when reviewing a loan application. Explain why that measure or analysis is important for a lender to evaluate.

$\backslash$table$[[$Financial Statement,Measure or Analysis,Explanation$],[$Balance Sheet,,$],[$Budget$,,],[$Income Statement,,$],[\backslash$table$[[$Projected Cash Flow$],[$Statement$]],,]]$