Shortened Intro to Business Review

Front

What is business revenue?

Back

The total amount of money a business makes.

Front

What are business expenses?

Back

Money that is spent on the Needs and Wants of a business

Front

What is profit?

Back

If a business makes more money than it spends once expenses are subtracted.

Front

What is customer satisfaction?

Back

How happy customers are with a product or service

Front

How are revenue and profit different? Revenue is all of the money made from selling something before subtracting expenses. Profit is the money that is made from sales after subtracting expenses.

Back

True

Front

What is Bob's revenue from selling 5 calculators at $10 each?

Back

$50

Front

What are Bob's expenses?

Back

$10

Front

What is Bob's profit if he sells 5 calculators for $10 each and bought them for $2 each?

Back

$40

Front

Which number shows the revenue? Options: $46.65, $43.13, $7.24, $10.76

Back

$46.65

Front

Which number shows the expenses? Options: $46.65, $43.13, $7.24, $10.76

Back

$43.13