JA Biztown Assessment

Which of the following are business expenses?

• personal care
• revenue
• advertising
• All of the above

Which of the following are business expenses?

• personal care
• revenue
• supplies
• all of the above

A new business is likely to need what bank services?

• balance
• salary
• loan
• inventory

A new business is likely to need what bank services?

• balance
• salary
• checking account
• inventory

Products that are "hot items" often will: 

• remain constant
• be priced higher
• supply less
• be worth less

The revenue left over after paying business costs is called:

• profit
• inventory
• gross balance
• loss

Charging more for an item guarantees a higher profit.

• True
• False

A quality business follows a model of best practices.

• True
• False

Good advertising only tells people what they want to hear about a product.

• True
• False

Net Pay is the amount of money a worker receives from an employer.

• True
• False