Business Assessment

Water and electricity is an/a ______?

• Credit

• Expense

• Asset

• Income

What is an example of a fixed expense?

• Rent

• Gas for your car

net pay

• business owned financial statement, the amount spent shown

• money owed to you after you sell your stock.

• your total pay before anything is taken out.

• money you actually take home after taxes and other deductions are taken out of your paycheck.

Amount owed by a business

• Liability

• Asset

• Capital

• Account

A business owned by one person

• Service Business

• Revenue

• Expense

• Sole Proprietorship

Being in debt means you…

• ...open your own business

• ...expand your business

• ...have a large income

• ...owe someone money

What happens if you forget to sign a check

• The bank will cash it anyway

• It will be charged a late fee

• It will be automatically signed

• It will be returned or not accepted

What is the main advantage of using email for communication in a business setting?

• Record of communication

• Immediate feedback

• Face-to-face interaction

• Formal tone

What is profit?

• The money you spend - the price you sell it for

• The price your sell it for + the money you spend

• The price you sell it for - the money you spend

What does APR mean?

• Average Person Ratio

• Annual Percentage Rate

• Always Poke Robot

• Apples Peas & Rice