104.5 Business Concepts Quiz

What is the difference between profit and loss related to?

• Income, expenditure, and overheads

• Colors and shapes

• Animals and plants

• Weather and seasons

What is one benefit of networking?

• Business growth

• Growing plants

• Painting pictures

• Baking cakes

What is important for maintaining quality?

• The link between productivity and reputation

• The color of the sky

• The size of a book

• The taste of food

What is necessary for a company to survive and grow?

• Profits

• Employees

• Buildings

• Products

What happens to a company without profits?

• It will grow

• It will cease to exist

• It will hire more people

• It will pay more taxes

What cannot exist without government taxes?

• Unemployment benefits

• New movies

• Summer camps

• Birthday parties

Who is dependent on company profits?

• Only employees

• Only self-employed people

• Everyone

• Only managers

What is unlikely if you are not in the financial department or self-employed?

• Being directly involved in day-to-day management of finances

• Working with customers

• Managing a team

• Designing products

What do you need to understand to appreciate your involvement in a company's profitability?

• How to make friends

• How a company's finances work

• How to cook

• How to play sports

What do companies do to produce goods?

• Hire labor

• Sell to clients

• Make profits

• Purchase materials