ENT I: Unit 5 Practice Test

ENT I: Unit 5 Practice Test

9th Grade

70 Qs

quiz-placeholder

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ENT I: Unit 5 Practice Test

ENT I: Unit 5 Practice Test

Assessment

Quiz

Business

9th Grade

Medium

Created by

Philip Hosmer

Used 2+ times

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70 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary definition of a revenue stream?

The total cost of producing goods

The various ways a business earns income

The investment made by stakeholders

The cost of customer acquisition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a transactional revenue stream?

Monthly subscription fee

One-time sale of a t-shirt

Licensing a brand name

Ad revenue from a blog

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of a recurring revenue stream?

It happens only once

It is unpredictable

It occurs on a regular basis

It depends on equity investment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are recurring revenue streams beneficial to a business?

They eliminate expenses

They create consistent income

They increase startup costs

They reduce the need for marketing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term refers to charging customers for use of a product rather than ownership?

Licensing

Freemium

Usage fee

Asset sale

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a freemium model?

Paying a one-time fee for lifetime access

Offering basic services for free and charging for advanced features

Renting equipment instead of buying

Outsourcing manufacturing to reduce cost

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of revenue stream is created when a business licenses intellectual property?

Usage fee

Asset Sale

Subscription

Licensing

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