WorksheetsMONEY
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
A company sells shirts for $12 each. It costs them $500 to start their business. After selling 10 t-shirts do they have a profit or loss?
a)
profit
b)
loss
2.
Michelle walks dogs for $5 each. She has no expenses to begin her business. After walking how many dogs will she have a profit of $25?
a)
10
b)
1
c)
5
d)
8
3.
Profit is....
a)
money left over after paying expenses
b)
making less money than spend on expenses
c)
money you make for working
4.
A business will have a loss when...
a)
they make more money than spent on expenses
b)
they make less money than spent on expenses.
5.
Income is...
a)
money a business makes
b)
money made from doing a job
c)
money spent on capital resources
6.
Expenses are....
a)
entrepreneurs
b)
profit
c)
money made by a business
d)
things used to start and run a business
7.
All businesses will make a profit
a)
TRUE
b)
FALSE
8.
Saving some money in the bank and having money for needs is...
a)
not responsible
b)
irresponsible
c)
financially responsible
d)
income
9.
Mr. Wilt starts a flower shop business. He sells each bouquet of flowers for $15. He works out of his house and grows the flowers in his backyard. Which would be an expense for his company?
a)
soil
b)
sun
c)
consumers
10.
Mr. Wilt starts a flower shop business. He sells each bouquet of flowers for $15. He works out of his house and grows the flowers in his backyard. Which would be a capital resource for his company?
a)
water
b)
sun
c)
watering can
d)
soil
11.
Mr. Wilt starts a flower shop business. He sells each bouquet of flowers for $15. He works out of his house and grows the flowers in his backyard. Which would be a land resource for his company?
a)
vases
b)
sun
c)
garden hose
12.
Mr. Wilt starts a flower shop business. He sells each bouquet of flowers for $15. He works out of his house and grows the flowers in his backyard. He spent $30 to start his business. Will he have a profit or loss if he sells to 3 consumers?
a)
profit
b)
loss
13.
Mr. Wilt starts a flower shop business. He sells each bouquet of flowers for $15. He works out of his house and grows the flowers in his backyard. He spent $30 to start his business. How much money will he make with one consumer buying a vase of flowers?
a)
$15
b)
$30
c)
loss
d)
profit
14.
How do you find out how much profit or loss a business has made?
a)
expenses - income = profit or loss
b)
profit - capital resources = profit or loss
c)
income - expenses= profit or loss
d)
budget - spent money = income
15.
When someone pays for something they are doing what with their money?
a)
spending
b)
saving
c)
earning
16.
When someone puts money aside to accumulate, they are .....
a)
earning money
b)
spending money
c)
saving money
17.
Where does money come from?
a)
you have to earn it
b)
giving it away
c)
spending
18.
When you earn money from the bank on what you save it is called
a)
a fund
b)
interest
c)
income
19.
A place you can keep your money when you want to save it.
a)
In your pocket
b)
in the bank
c)
on the table
20.
Kim wants to buy the newest video game system. It is $200. Kim should...
a)
BUY IT!!!
b)
make a savings goal
c)
ask her mom to buy it
100 %
