Business Management JA

Which of the following are business expenses?

• personal care

• advertising

• revenue

• profit

Which bank services is a new business likely to need?

• a loan and a checking account

• loan

• balance

• debit card

Price for products that are popular often will

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

• gross balance

• profit

• inventory

• loss

Charging more for an item guarantees a higher profit.

• true

• false

A quality business follows a model of best practices like...

• trying to meet the customer's needs

• continuous improvement

• innovative ideas

• all of the these

Net pay is

• the money a worker earns

• money to invest

• the money earned by an employee after taxes.

• None of these choices.

The money a business collects from sales is called

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

• wants

• receives

• costs

• uses

To make a profit, a business's revenue has to be _____ than its costs.

• greater

• less than

• equal to

• None of the these