
Understanding EMS Concepts
Authored by Ilyas Abrahams
Other
7th Grade
Used 1+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between income and expenses?
Income and expenses are the same, representing overall financial activity.
Income refers to the costs incurred, while expenses are the money received.
Income is the money received, while expenses are the costs incurred.
Income is the total amount spent, while expenses are the money saved.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate profit and loss?
Profit = Total Revenue / Total Costs; Loss = Total Costs / Total Revenue.
Profit = Total Revenue - Total Costs; Loss = Total Costs - Total Revenue.
Profit = Total Costs + Total Revenue; Loss = Total Revenue + Total Costs.
Profit = Total Revenue + Total Costs; Loss = Total Revenue - Total Costs.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does net worth represent?
Net worth is the value of total assets minus total liabilities.
Net worth is the total income earned over a year.
Net worth is the amount of cash in a bank account.
Net worth is the total number of assets owned without considering liabilities.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name three characteristics of a successful entrepreneur.
Resilience, adaptability, strong leadership skills
Poor time management
Inability to collaborate
Lack of focus
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does SWOT stand for in business analysis?
Strengths, Opportunities, Weaknesses, Threats
Strengths, Weaknesses, Trends, Threats
Strengths, Weaknesses, Opportunities, Tactics
Strengths, Weaknesses, Opportunities, Threats
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can AIDA be applied in marketing?
AIDA is used to measure employee performance in marketing.
AIDA can be applied in marketing by capturing attention, generating interest, creating desire, and prompting action.
AIDA focuses solely on product pricing strategies.
AIDA is a method for analyzing customer demographics.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
List one entrepreneurial action that can lead to success.
Follow trends without research.
Invest in random stocks.
Identify a market need and create a unique solution.
Start a business without a plan.
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