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WorksheetsJA Biztown Assessment
Total questions: 16
Worksheet time: 8mins
Name
Class
Date
1.
Which of the following are business expenses?
a)
personal care
b)
revenue
c)
advertising
d)
All of the above
2.
Which of the following are business expenses?
a)
personal care
b)
revenue
c)
supplies
d)
all of the above
3.
A new business is likely to need what bank services?
a)
balance
b)
salary
c)
loan
d)
inventory
4.
A new business is likely to need what bank services?
a)
balance
b)
salary
c)
checking account
d)
inventory
5.
Products that are "hot items" often will:
a)
remain constant
b)
be priced higher
c)
supply less
d)
be worth less
6.
The revenue left over after paying business costs is called:
a)
profit
b)
inventory
c)
gross balance
d)
loss
7.
Charging more for an item guarantees a higher profit.
a)
True
b)
False
8.
A quality business follows a model of best practices.
a)
True
b)
False
9.
Good advertising only tells people what they want to hear about a product.
a)
True
b)
False
10.
Net Pay is the amount of money a worker receives from an employer.
a)
True
b)
False
11.
The money a business collects from sales is called ________________
a)
profit
b)
revenue
c)
inventory
d)
All of the above
12.
Selling price is the amount of money a buyer pays and a seller ___________ for a good or service.
a)
sells
b)
receives
c)
produces
d)
pays
13.
To make a profit, a business's revenue has to be _________ than its costs.
a)
>
b)
<
c)
≥
d)
≤
14.
The goods that a business has in stock to sell are called_________
a)
Inventory
b)
Revenue
c)
Profit
d)
All of the above
15.
As an employee of a business at JA BizTown, you will receive two paychecks and need to________ them in the bank
a)
sign
b)
deposit
c)
cash
d)
give
16.
Endorsing a check means...
a)
signing the front
b)
depositing
c)
signing the back
d)
taking it to a dorse
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