Introduction to Business

Quiz
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Other
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University
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Medium
Niveen Elhebaishy
Used 22+ times
FREE Resource
15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An entity that seeks to earn a profit by providing a good or service is known as a(n)
industry
corporation
business.
service
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________ is the amount a business earns after deducting what it spends for salaries and other expenses.
Profit
Revenue
Interest
Dividends
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business incurs a ________ if its costs and expenses exceed its revenues.
loss
liability
debit
profit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________ is the chance a business owner will lose the time and money invested in a business that proves to be unprofitable.
Depreciation
Risk
Fallibility
Redundancy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total amount of money that businesses take in by selling goods and services is called ________.
profit
revenue
loss
retained earnings
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) ________ is a person who assumes the risk of starting a business.
manager
entrepreneur
employee
stakeholder
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Starting a business always involves ________.
profit
loss
revenue
risk
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