Intro to Business Final prep June 2024
Authored by B. Adams
Business
11th Grade
Used 18+ times
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63 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is gross pay?
Rate of pay multiplied by hours worked
Rate of pay multiplied by hours worked minus all deductions
Rate of pay multiplied by deductions and subtracted from net pay
Net pay multiplied by gross wages
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is net pay?
Rate of pay multiplied by hours worked
Rate of pay multiplied by hours worked minus all deductions
Rate of pay multiplied by deductions and subtracted from net pay
Net pay multiplied by gross wages
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is revenue?
The money remaining in a business after all expenses and deductions have been taken.
Income generated from business operations/sales
The amount of cash on had for daily business operation.
All of the answers are correct.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the percentage of your paycheck that your employer pays toward social security?
2.2%
4.2%
6.2%
2.6%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the retail price?
The price the consumer pays when purchasing goods and services.
The price a business pays when purchasing goods and services from another business
The cost of goods sold
The cost of goods sold minus all expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is revenue?
The money remaining in a business after all expenses and deductions have been taken.
Income generated from business operations/sales
The amount of cash on had for daily business operation.
All of the answers are correct.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the wholesale price?
The price the consumer pays when purchasing goods and services.
The price a business pays when purchasing goods and services from another business
The cost of goods sold
The cost of goods sold minus all expenses
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