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Profit and Non - profit

Profit and Non - profit

Assessment

Flashcard

Professional Development

7th Grade - Professional Development

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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13 questions

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1.

FLASHCARD QUESTION

Front

The Starving Artists Society is classified as a: Combination product and service, For-profit, Non-profit, Service

Back

Non-profit

2.

FLASHCARD QUESTION

Front

How is Tom and Claire's website maintenance business classified? Options: combination product and service, For-profit, Non-Profit, Product

Back

For-profit

3.

FLASHCARD QUESTION

Front

How is Goodwill classified? Options: combination product and service, For-profit, Non-profit, Service

Back

Non-profit

4.

FLASHCARD QUESTION

Front

What is the main reason people start businesses? Options: Out of boredom, To pay taxes, Earn a profit, To hire friends

Back

Earn a profit

5.

FLASHCARD QUESTION

Front

Exists primarily to generate a profit, that is, to take in more money than it spends.

Back

for-profit organization

6.

FLASHCARD QUESTION

Front

Which of the following businesses is NOT a for-profit business? Subway, Microsoft, Meals on Wheels, Google

Back

Meals on Wheels

7.

FLASHCARD QUESTION

Front

What is the definition of Profit?

Back

The surplus of revenue over costs

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