Business term quiz

What are cutbacks?

• return to former wounds.

• new investments in projects.

• a type of financial gain.

• reductions in spending or resources.

What is turnover?

• the total revenue generated by a business from its operations.

• the total profit made by a business after expenses.

• the number of employees in a company.

• the amount of time a business operates in a year.

Define efficiency!

• the ratio of useful output to total input in a process.

• the quality of being productive without waste.

• the amount of time taken to complete a task.

• the total input in a process.

If a company offers to take care of your child at the place you work, it provides _______childcare

Bankruptcy means...

• a type of insurance for financial losses.
• a method of saving money for future investments.
• a legal status of an individual or entity unable to repay debts.
• a process of increasing one's credit score.

The difference in men's and women's salary doing the same work is called...

• salary inequality
• gender pay gap
• wage disparity
• income gap

When you cannot come to work because you're ill, you are on

An arrangement made with the employer to pay money to the employee after retirement:

• Health insurance plan
• Severance package
• Retirement fund
• Pension plan

Perks are...

• Salary and compensation
• Workplace culture
• Benefits or advantages associated with a job.
• Job responsibilities

What is tuition?

• a type of scholarship for students.

• the cost of textbooks only.

• the fee for instruction at educational institutions.

• the amount paid for housing at a university.