Introduction to Business

Quiz
•
Other
•
University
•
Medium
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
Create a free account and access millions of resources
Similar Resources on Wayground
20 questions
IB Business Management - 3.4 - Profit and Loss Account Quiz

Quiz
•
11th Grade - University
15 questions
Valuation of Goodwill 2

Quiz
•
University
14 questions
IGCSE Accounting Quiz

Quiz
•
10th Grade - University
10 questions
FInancial Statements

Quiz
•
University
10 questions
Sole Traders

Quiz
•
University
15 questions
Tutorial IMD313 2

Quiz
•
University
15 questions
Basic Accounting

Quiz
•
University
10 questions
Introduction to Accounting

Quiz
•
University
Popular Resources on Wayground
18 questions
Writing Launch Day 1

Lesson
•
3rd Grade
11 questions
Hallway & Bathroom Expectations

Quiz
•
6th - 8th Grade
11 questions
Standard Response Protocol

Quiz
•
6th - 8th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
4 questions
Exit Ticket 7/29

Quiz
•
8th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Subject-Verb Agreement

Quiz
•
9th Grade