Crash Course Business: Entrepreneurship Quiz

Why is it important for entrepreneurs to understand financial terms?

• To avoid paying taxes

• To impress investors

• To increase their social media following

• To make informed business decisions

What is revenue?

• The profit made after expenses

• The amount of money a customer pays for a product or service

• The total cost of producing a product

• The total assets of a company

How is profit calculated?

• Total assets minus liabilities

• Expenses minus revenue

• Revenue minus expenses

• Revenue plus expenses

What are revenue streams?

• Techniques for managing cash flow

• Strategies for increasing profit margins

• Various methods of generating revenue

• Different ways to reduce costs

Which of the following is an example of a product sale revenue stream?

• Charging a brokerage fee

• Selling a physical product

• Charging a subscription fee

• Licensing intellectual property

What is a usage fee?

• A fee based on how much a customer uses a product

• A one-time payment for a product

• A fee for renting a product

• A fee for licensing intellectual property

How does licensing generate revenue?

• By charging for the use of intellectual property

• By selling physical products

• By offering subscription services

• By renting out equipment

What type of revenue stream involves charging a fee for continuous access to a service?

• Usage fee

• Product sale

• Brokerage fee

• Subscription fee

How do real estate agents typically earn their revenue?

• By selling products

• By charging a subscription fee

• By earning a commission for brokering deals

• By licensing intellectual property

What is the primary revenue stream for GoldieBlox?

• Brokerage fees

• Advertising revenue

• Product sales

• Subscription fees