Business Terms Quiz - Week 1
Quiz
•
Business
•
8th Grade
•
Hard
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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