Entrepreneurship and Business Expenses Quiz

Entrepreneurship and Business Expenses Quiz

12th Grade

8 Qs

quiz-placeholder

Similar activities

Y12 BME Motivation Models

Y12 BME Motivation Models

12th Grade

10 Qs

The Marketing Environment

The Marketing Environment

10th - 12th Grade

10 Qs

Strategies of International Business

Strategies of International Business

12th Grade - University

10 Qs

KS Court Review_by the numbers!

KS Court Review_by the numbers!

12th Grade

10 Qs

Costumer Service Quiz

Costumer Service Quiz

12th Grade

10 Qs

Continuous Improvement and Innovation

Continuous Improvement and Innovation

12th Grade

10 Qs

25.2 Business Self check

25.2 Business Self check

9th - 12th Grade

10 Qs

Closing Process

Closing Process

9th - 12th Grade

10 Qs

Entrepreneurship and Business Expenses Quiz

Entrepreneurship and Business Expenses Quiz

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Dorian Byrd

Used 2+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two smaller groups of operating costs?

Cost of goods sold and selling, general, and administration costs

Product costs and administrative costs

Fixed costs and variable costs

Direct costs and indirect costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of costs fluctuate based on the output of goods or services?

Fixed costs

Direct costs

Indirect costs

Variable costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of a cost-driven business structure?

Devoting resources to optimize every step of the process

Maximizing automation

Minimizing costs wherever possible

Outsourcing expensive tasks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company is an example of a cost-driven structure in the grocery industry?

Goodwill

Walmart

The Ritz-Carlton

No Frills

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of a value-driven business structure?

Minimizing costs wherever possible

Maximizing automation

Creating more customer value

Outsourcing expensive tasks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company is an example of a value-driven structure in the hotel industry?

No Frills

The Ritz-Carlton

Goodwill

Walmart

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an advantage a business can have if it produces larger quantities and spreads fixed costs around more products?

Economy of scale

Economy of scope

Economy of size

Economy of range

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a social entrepreneur business?

Warby Parker

Ryanair

Dollar Store

Southwest Airlines