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Business Activity: Part One

Authored by Ibrahim Sung

Business

10th - 11th Grade

Used 12+ times

Business Activity: Part One
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following describes the money going into a business?

An input

Revenue

An output

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the activity which does not support trade.

Banking

Warehousing

Insurance

Mining

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In business, why is it essential to make a profit?

It provides a return to investors.

It provides funds for future extension

It increases the reputation of a company

All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which condition that shows a business is able to make profit?

Costs are equal with sales value

Sales value is higher than costs

Sales value is lower than costs

Costs are higher than selling price

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following is true about added value?

Difference between profit and production cost

Difference between sales value and total cost

Difference between selling price and cost of production

Difference between sales value and revenue

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When can you say that a business add value?

When revenue is greater than production costs

When revenue equals production costs

When revenue is less than production costs

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Choose TWO answers that are going to add value to a business.

A. Reduce selling price and production costs increase

B. Increase sales value and maintain production cost

C. Increase sales value and production costs increase

D. Maintain sales value and reduce production costs

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