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Business Terminology

Business Terminology

Assessment

Flashcard

Business

12th Grade

Practice Problem

Easy

Created by

Michele Nelson

Used 1+ times

FREE Resource

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5 questions

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1.

FLASHCARD QUESTION

Front

Royalty Fee

Back

Regular ongoing payment to a franchisor based on a percentage of the sales a franchisee earns.

2.

FLASHCARD QUESTION

Front

Profit

Back

Total revenue minus total cost.

3.

FLASHCARD QUESTION

Front

Revenue

Back

Incoming money, typically through sales.

4.

FLASHCARD QUESTION

Front

Fixed Operating Costs

Back

Costs of a business that do not change based on sales.

5.

FLASHCARD QUESTION

Front

Variable Costs

Back

Costs of a business that fluctuate based on sales.

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