Introduction to Business

Introduction to Business

University

15 Qs

quiz-placeholder

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Introduction to Business

Introduction to Business

Assessment

Quiz

Other

University

Medium

Created by

Niveen Elhebaishy

Used 22+ times

FREE Resource

15 questions

Show all answers

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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