Business Quiz

Which of the following is an example of a franchise?

• Mason's Barbershop

• Newark Family Diner

• McDonald's

• Sara Coventry Costume Jewelry

Coca Cola and Pepsi are both examples of a ...

• Sole Proprietorship

• Partnership

• Corporation

What is the name of a business organization owned and operated by a single person?

• Sole proprietorship

• Partnership

• Corporation

What type of leadership will make all the decisions themselves and use fear of punishment to manage employees?

• autocratic

• democratic

• laissez-faire

• tyranny

_____ costs are basic operating expenses of a business that cannot be avoided and that do not change.

• fixed

• absolute

• variable

• rising

The total amount of money a business takes in during a given period by selling goods and services.

• Revenue

• Profit

• Risk

• Standard of Living

Here is the week 5 sales data from the Cake Shop:

Avg expenses per cake: $15, Avg revenue per cake: $18

Total cakes sold = 658

What is the Total Revenue for the week?

Here is the week 5 sales data from the Cake Shop:

Avg expenses per cake: $15, Avg revenue per cake: $18

Total cakes sold = 658

What is the Total Expenses for the week?

Here is the week 5 sales data from the Cake Shop:

Avg expenses per cake: $15, Avg revenue per cake: $18

Total cakes sold = 658

What is the Total Profit for the week?

Here is the week 5 sales data from the Cake Shop:

Avg expenses per cake: $15, Avg revenue per cake: $18

Total cakes sold = 658

What is the ROI for the week?

• 26.76%

• 20.18%

• 15.25%

• 110%