Business and Finance Concepts Quiz

Ownership interest in a company or asset.

• Revenue

• Distribution

• Proprietary

• Equity

Point where total revenue equals total costs.

• Break even

• Lose $400

• Margin

• Suffer a loss

Tags

CCSS.8.EE.B.5

Expenses incurred to gain new customers.

• Operational expenses

• Customer acquisition costs

• Customer support costs

• Break even

Process of delivering products to consumers.

• Association

• Distribution

• Promotion

• Production

Exclusive rights to an invention for 20 years.

• Patent

• Trademark

• Licensing

• Copyright

Owned by a specific individual or company.

• Proprietary

• A & B Only

• Public

• Governmental

Plan for generating revenue and profits.

• Strategic plan

• Business plan

• Strategy

• Business model

Current price at which an asset can be sold.

• Market value

• Assessed value

• Use value

• Book value

Payment for ongoing use of intellectual property.

• Royalty

• Patent

• Commission

• Tariff

Status of a patent application before approval.

• Patent posted

• Provisional pending

• Patent pending

• Patent filed