Business and Inventions

What is the term used to describe the money it costs to run a business?

• Income

• Profit

• Expenses

• Production cost

What is called the money left over after a business pays all its expenses?

• Income

• Profit

• Expenses

• Loss

If the expenses of a business are more than its income, what is it called?

• Profit

• Loss

• Production cost

• Expense

What would be the profit if a cup of lemonade that costs $0.60 to make is sold for $1.00?

• $0.40

• $0.30

• $0.20

• $0.50

What did Sam Walton study in college?

• Business

• Economics

• Engineering

• History

What was the key to the success of Wal-Mart according to the text?

• High prices

• Low quality products

• High quality service and low prices

• Online sales

What did Annie Turnbo Malone develop using her chemistry skills?

• A new type of fabric

• Hair products for African American women

• A cure for a disease

• A food preservative

What was unique about Mikaila Ulmer's lemonade?

• It was sold internationally

• It used local honey instead of sugar

• It was carbonated

• It was free of artificial colors

What innovation is Henry Ford known for?

• Electric cars

• The assembly line

• Solar-powered vehicles

• Hybrid engines