Review for Business Essentials 2.05

Review for Business Essentials 2.05

9th - 12th Grade

20 Qs

quiz-placeholder

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Review for Business Essentials 2.05

Review for Business Essentials 2.05

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Natalie Jones

Used 58+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In business terms, what is profit?

a good investment

A holiday bonus

a monetary reward

A risky venture

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If expenses are greater then income, there's no

reward

risk

sales

guarantee

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In business terms, income is the money

produced

supplied

spent

received

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money paid for raw materials and products sold is called

operating expenses

cost of goods

net profit

gross profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money spent to run a business is called

operating expense

cost of goods

net profit

gross profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gross profit shows business owners the difference between what they’ve

spent and received

paid and risked

received and billed

estimated and invoiced

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business owners are usually interested in net profit because they want to know what they can

produce

supply

keep

risk

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