BizTown 4 - Business Management

Which of the following are business expenses?

• personal care

• advertising

• revenue

• supplies

A new business is likely to need what bank services?

• balance

• salary

• loan

• checking account

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

• gross balance

• 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

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

• true

• false

The money a business collects from sales is called ___________.

• profit

• inventory

• revenue

• gross balance

Selling price is the amount of money a buyer pays and a seller ________ for a good or service.

• receives

• gives

• loses

• inventories