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Worksheets8th Grade Business Review
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
Which of the following is NOT a disadvantage of credit?
a)
Careless buying
b)
Overuse
c)
Overbuying
d)
Saving
2.
Which of the following is an asset?
a)
machinery
b)
employees
c)
the building you rent
d)
all of these
3.
When you make money it is called income or ....
a)
revenue
b)
expenses
c)
loss
d)
liability
4.
Which of the following is the first step in developing a marketing strategy?
a)
Develop the right product
b)
Decide how to promote the product
c)
Identify the target market
d)
Implement the appropriate distribution system
5.
An organization’s _________ is the group of potential customers toward whom it directs marketing efforts
a)
Marketing Demographic
b)
Target Market
c)
Market Segment
d)
Product Market
6.
Ford owns several brands including Ford, Mercury, Volvo, Jaguar, Land Rover and Mazda. This makes up Ford’s __________.
a)
Product cluster
b)
Product mix
c)
Product Lines
d)
Distribution center
7.
Compensation is defined as:
a)
commissions and incentives
b)
hourly pay
c)
Money paid to an employee for work performed
d)
salary pay
8.
A weekend ski trip, a summer home at the lake, and a new 50-inch television are all examples of:
a)
needs
b)
scarcity
c)
resources
d)
wants
9.
To be effective, promotion must ______________.
a)
be noticed
b)
Encourage customers to pay attention to the message
c)
result in customer taking action
d)
all of these
10.
Companies use __________________ to focus on a specific consumer market by combining product, distribution (place), promotion, and pricing strategies.
a)
consumer behavior
b)
marketing mix (4 Ps)
c)
marketing concepts
d)
market segmentation
11.
A stock exchange is a place where buyers and sellers conduct business.
a)
true
b)
false
12.
If we have a loss, our equity grows.
a)
true
b)
false
13.
Property that is used as security to back up a loan is known as collateral.
a)
true
b)
false
14.
Consumers can often have a negative view of marketing.
a)
true
b)
false
15.
When we spend money to purchase items, that transaction is recorded under revenue.
a)
true
b)
false
16.
This is when you write a check for more money than there is in your checking account.
a)
Overdraft
b)
Endorsement
c)
Management
d)
Deductions
17.
An important part of managing money is making a plan, or a _________________.
a)
Spreadsheet
b)
Budget
c)
Check Register
d)
Money Management
18.
Taxes, Insurance, Retirement are all examples of ________________.
a)
Budget
b)
Net Pay
c)
Deductions
d)
Endorsements
19.
Your ________________ is your gross pay minus deductions.
a)
Budget
b)
Money Management
c)
Overdraft
d)
Net Pay
20.
The ______________is necessary for cashing a check.
a)
Endorsement
b)
Overdraft
c)
Budget
d)
Seal
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