8th Grade Final Exam Study Guide
Authored by Beverly Thomas
Business
7th Grade
Used 8+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consumers who want to buy your product make up the target market
A. True
B. False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Two important financial statements which an entrepreneur might use are
A. Balance sheet
B. Income Statement
C. Both
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The location of a business (4 P')
product
place
promotion
price
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business run by two or more people is known as a
A. sole proprietorship
B. partnership
C. Both
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets are things a business
A. owes
B. owns
C. None
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Liabilities are things a business
A. owes
B. owns
C. None
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenue and Expenses are two items found on which financial statement?
A. balance sheet
B. Income statement
C. Neither
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