Earning an Income

Earning an Income

7th Grade

20 Qs

quiz-placeholder

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Earning an Income

Earning an Income

Assessment

Quiz

Financial Education

7th Grade

Medium

Created by

Dominique Hoad

Used 7+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The type of income you receive when you act as an agent, or go-between, between consumers and producers:

Commission

Rent

Royalties

Wage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of income is usually charged by doctors:

Commission

Fee

Rent

Interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you receive income after you allow someone to use your property for a specified time, this is known as:

Commission

Fee

Rent

Royalties

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The income received by the ENTERPRISE factor of production is:

wage

interest

rent

profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The type of income when the money earned from a business is more than the costs of operating it over a period of time is called:

Profit

Commission

Rent

Salary

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Part of a company's profits paid to people who have bought shares in that company are a type of income called:

Profit

Interest

Dividends

Commission

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A singer who releases a new single on the radio will receive what form of income every time the radio plays their song?

Commission

Dividends

Fee

Royalties

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