business vs hobby
Authored by Latrise Mcafee
Financial Education
6th - 8th Grade
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You have a reasonable expectation of making a profit
business
hobby
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You invest significant personal time and effort. You depend on the resulting income.
business
hobby
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your expenses are ordinary and necessary to run your business
business
hobby
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You have a track record in this industry and/or a history of making profits
business
hobby
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You have multiple customers or professional clients
business
hobby
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You may sell occasionally, but making money is not your main goal.
business
hobby
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It's something you do in your free time; you make the bulk of your money elsewhere
business
hobby
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