BizTown Review Quiz

What's another name for a model or sample of a product?

• replica
• prototype
• imitation
• mockup

How would you say 44 percent using the phrase "out of one hundred"?

• 44 in one hundred
• 44 over one hundred
• 44 out of one hundred
• 44 out of 100

Junior Achievement is an institution that increases the well-being of young people by inspiring and preparing them to succeed in a global economy. What type of organization is Junior Achievement?

• Government agency
• Charity
• Non-profit organization
• For-profit organization

What is the term for charitable giving to increase the well-being of a community?

• Donation
• Generosity
• Philanthropy
• Altruism

What do you call a member of a town, city, country, state, or country?

• citizen
• inhabitant
• denizen
• resident

What do you call the expenses for rent, utilities, supplies, advertising, and equipment for a business?

• Capital expenses
• Personal expenses
• Variable cost

• Operating cost

Businesses need customers. What do they do to promote their products to customers?

• Selling strategies
• Marketing

• Customer retention programs
• Advertising

When a business takes out a loan at a bank and promises to repay the loan, what must it sign?

• Debt agreement
• Repayment contract
• Loan commitment
• Promissory note

Rochelle sells lemonade at her neighborhood lemonade stand. Does she sell a good or a service?

• good

• service

What do you call the money that's left over after a business pays its costs?

• Profit
• Loss
• Revenue
• Income