Business and Lemonade Stand Quiz

What is the term for the money left over after a business pays all its expenses?

• Income

• Expenses

• Profit

• Loss

What do you call the money it costs to run a business?

• Income

• Expenses

• Profit

• Loss

What happens when the expenses of a business are more than the income?

• Profit

• Income

• Loss

• Expenses

What is the cost to make one cup of lemonade?

• $0.80

• $0.60

• $0.50

• $1.00

How much does sugar cost in the lemonade expenses?

• $0.10

• $0.20

• $0.30

• $0.40

What is the income if lemonade is sold for $0.80?

• $0.50

• $0.60

• $0.80

• $1.00

What would be the profit if lemonade is sold for $1.00?

• $0.20

• $0.30

• $0.40

• $0.50

What affects the profit of a business?

• Only the income

• Only the expenses

• Production cost and prices of goods

• Advertising

What did Sam Walton sell as a young boy to help his parents?

• Lemonade

• Newspapers

• Toys

• Books

What did Sonia Clayton do after a disaster caused people to lose their jobs?

• Opened a school

• Started a new business

• Moved to another country

• Wrote a book