WorksheetsEconomics
Total questions: 20
Worksheet time: 10mins
A company makes a profit when:
It sells all of its products.
It earns more revenue than other companies.
It earns more money in revenue than it spent on expenses.
It doesn't sell too much of its stock.
Money a business makes is known as:
revenue
profit
debt
expenses
A Venture Capitalist:
loans businesses money
invests money in stocks
comes up with ideas for new businesses
creates slogans and logos for companies
Imagine your company has spent $70 in expenses. If you make 10 bracelets, how much do you need to sell them for in order to make a profit?
$6
$7
$8
$5
If you own a share of stock, you own part of...
a venture capitalist
a company
a logo
the stock market
What does a venture capitalist get in exchange for investing their money in a company?
a promise to repay the loan, plus interest
shares of stock and a vote in decision-making
the ability to choose the design of the product
products & services from the company
Why do businesses have to keep records of their finances?
to know how much they've spent on expenses
to calculate profits
to avoid losing money
to make knowledgeable financial decisions
all answers
Making posters and commercials are examples of:
finances
manufacturing
design
marketing
When you design, you...
make something useful
draw what you imagine
take inspiration from nature
create a plan
all answers
Rent and salaries are examples of:
finances
slogans
expenses
profits
How do you calculate profit?
figure out how much you sold
subtract total expenses from total revenue
add up how much investors gave you
divide revenue by the number of companies
If your company earns more in revenue/sales than it spends on expenses, it will:
earn stocks
have a profit
have a loss
all answers
Scarcity is when...
there aren't enough resources for everyone
one business tries to intimidate another
a company is in danger of losing all of their money
a company sells too much of its stock
When someone works, he or she is paid a...
loan
salary
stock
profit
What do banks get in exchange for loaning money?
stock
part of the company's profit
a promise you'll repay your loan, plus interest
discounts on the company's products
When you set prices for your products, what do you need to think about?
how much it cost to make the product
how many products you have to sell
how many customers you expect to have
all answers
A sales pitch...
is a way to make bracelets
tries to convince people to buy your bracelets
helps you get a loan
is when you throw a ball of money
A logo is...
a picture or symbol
a saying or phrase
a photo of a product
something that will earn you money
A sample or practice product is known as a...
slogan
logo
prototype
design
In an assembly line, each person...
does the same job over and over
makes the product from start to finish
designs the look of a product
works at the same speed
