Business Terms Quiz - Week 1

Business Terms Quiz - Week 1

8th Grade

24 Qs

quiz-placeholder

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Business Terms Quiz - Week 1

Business Terms Quiz - Week 1

Assessment

Quiz

Business

8th Grade

Hard

Created by

Allyson Gentry

Used 4+ times

FREE Resource

24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which term describes the financial gain after all expenses are subtracted from revenue?

Interest

Profit

Expense

Break-even Point

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which term refers to the point at which total revenue equals total costs, resulting in no net loss or gain?

Break-even Point

Profit

Interest

Stock

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which term refers to items that are produced for sale?

Goods

Services

Dividends

Expense

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the fee a business pays to a lender to borrow money called?

Revenue

Profit

Interest

Expense

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What term describes an organization engaged in commercial, industrial, or professional activities?

Revenue

Business

Expense

Interest

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the financial benefit realized when revenue exceeds expenses, costs, and taxes?

Break-even Point

Revenue

Profit

Interest

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which term refers to the money a business pulls in after accounting for all expenses?

Revenue

Profit

Interest

Expense

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