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Business Essentials 2.05 Test

Business

9th - 12th Grade

Used 5+ times

Business Essentials 2.05 Test
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30 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Besides motivation, what does profit provide business owners in particular?

determination

satisfaction

energy

influence

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Chances of loss that carry with them the possibility of loss or no loss

Pure risk

Speculative risk

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A risk response strategy that involves trying to reduce the chance of loss or the severity of loss

Transfer

Avoidance

Retention

Reduction

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the factors that affect profit are usually able to be controlled?

income and expenses

expenses and pricing

pricing and billing

expenses and billing

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

To use resources wisely, business owners must reduce

risk

reward

waste

wages

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If a business has a monthly income of $5000 with expenses totaling $3000, what is their profit?

$8000

$2000

$5000

$15000

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In business terms, what is profit?

a good investment

A holiday bonus

a monetary reward

A risky venture

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