Business Management Assessment

Which of the following are business expenses?

• personal care

• advertising

• revenue

• supplies

Which two bank services is a new business likely to need?

• balance

• salary

• loan

• checking account

Price for products that are popular often will ________.

• remain constant

• be priced higher

• supply less

• be worth less

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

What is the tern for revenue left over after paying business costs?

• profit

• gross pay

• inventory

• 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

Tags

CCSS.RI.4.8

CCSS.RI.5.5

CCSS.RI.5.8

CCSS.RI.6.5

CCSS.RI.6.8

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

• True

• False

The money a business collects from sales is called ________

• gross balance

• profit

• revenue

• salary

The selling price is the amount of money that a buyer pays and the seller _________ for a good or service.

• earns

• loses

• finds

• receives

Tags

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5