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Risk Rewarded LAP Test

Authored by Flexcia Dowell

Computers

9th Grade

Used 1+ times

Risk Rewarded LAP Test
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. In business terms, what is profit?

  1. A good investment

  1. A holiday bonus

  1. A monetary reward

  1. A risky venture

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. If expenses are greater than income, there’s no

  1. risk.

  1. reward.

  1. sales.

  1. guarantee.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. In business terms, income is the money

  1. produced.

  1. supplied.

  1. received.

  1. spent.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. The amount of money paid for raw materials and products sold is called

  1. net profit.

  1. gross profit.

  1. operating expense.

  1. cost of goods.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. The money spent to run a business is called

  1. gross profit.

  1. net profit.

  1. cost of goods.

  1. operating expense.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Gross profit shows business owners the difference between what they’ve

  1. estimated and invoiced.

  1. received and billed.

  1. spent and received.

  1. paid and risked.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Business owners are usually interested in net profit because they want to know what they can

  1. produce.

  1. supply.

  1. keep.

  1. risk.

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