WorksheetsBusiness - Logo
Total questions: 36
Worksheet time: 23mins
Name
Class
Date
1.
How many employees does a Micro business have?
a)
up to 10
b)
11-49
c)
50-249
2.
How many employees does a Small business have?
a)
Up to 10
b)
11-49
c)
50-249
3.
How many employees does a Medium business have?
a)
Up to 10
b)
11-49
c)
50-249
4.
A partnership has unlimited liability is this true?
a)
Yes
b)
No
5.
An Aim is a short term goal?
a)
True
b)
False
6.
SMART stands for?
a)
Specific, Measurable, Achievable, Realistic, Time-Related
b)
Specific, Marketable, Achievable, Realistic, Time-Related
c)
Specific, Measurable, Arcuate, Realistic, Time-Related
d)
Specific, Measurable, Achievable, Realistic, Talented
7.
Which business has the slogan "I'm lovin' it"?
a)
Burger King
b)
McDonalds
c)
Subway
d)
KFC
8.
Which business has the slogan "Every little helps"?
a)
Sainsburys
b)
Tesco
c)
Asda
d)
Morrisons
9.
Name the logo:
a)
Hilfiger
b)
Levi's
c)
Old Navy
d)
Wrangler
10.
Name the logo:
a)
Lord of the Rings
b)
Olympics
c)
American Gymnatics
d)
American Rings
11.
Goods are
a)
when a business provides physical products for customers
b)
when businesses complete tasks for a customer
12.
Which expense would the students baking cookies for a school bake sale most likely have?
a)
wages for the workers
b)
ingredients for the cookies
c)
rent for the school
13.
A card that uses money directly from your bank account
a)
Debit Card
b)
Credit Card
c)
Pokemon Card
d)
Baseball Card
14.
A card that borrows money but it has to be paid back
a)
Debit Card
b)
Credit Card
c)
Baseball Card
d)
Pokemon Card
15.
The maximum amount the lender is willing to make available to the borrower.
a)
Credit Limit
b)
Credit History
c)
Creditor
d)
Debit Limit
16.
An agreement between a borrower and a lender, where the borrower agrees to repay money with interest over time.
a)
Loan
b)
Interest
c)
Income
d)
Deposit
17.
How do we calculate total costs?
a)
Fixed Costs - Variable Costs
b)
Total Revenue - Fixed Costs
c)
Variable Costs x Total Revenue
d)
Fixed Costs + Variable Costs
18.
What happens at Break Even Point?
a)
Company makes neither profit nor loss
b)
Company makes profit
c)
Company makes loss
d)
Company goes bankrupt
19.
Sales - Cost of Sales = ???
a)
Money In
b)
Net Profit
c)
Expenses
d)
Gross Profit
20.
Gross Profit - ??? = Net Profit
a)
Expenses
b)
Sales
c)
Cost of Sales
d)
Money Out
21.
Revenue is ...
a)
Money made from selling products
b)
Money paid to suppliers for materials
c)
Expenses x Units produced
d)
Monthly rent payments to landlord
22.
A mortgage is used for ...
a)
Buying a new machine
b)
Buying a new vehicle
c)
Buying land or premises
d)
Paying staff wages
23.
Fixed costs _______ vary with production. (fill in the blank)
a)
Do
b)
May
c)
Sometimes
d)
Do not
24.
Variable costs _______ vary with production. (fill in the blank)
a)
Do
b)
May
c)
Sometimes
d)
Do not
25.
What is this Logo?
a)
McDoodles
b)
Burger King
c)
Olive Garden
d)
McDonalds
26.
Name this logo
a)
Hyundai
b)
Honda
c)
Nessan
27.
Tangible products that we use to satisfy our wants and needs
a)
Goods
b)
Services
c)
Marketing
d)
Tangible
28.
THE 4 P's - product, place, promotion, price
a)
price
b)
selling
c)
target market
d)
Marketing mix
29.
A catchphrase like "Save money, live better" used to increase brand awareness for a product/company.
a)
logo
b)
slogan
c)
brand
d)
product
30.
When you walk into a store and find an employee, what should you say?
a)
Can I please speak with a manager?
b)
Hey, whats up?
c)
Where are the applications?
31.
A wage is a set payment amount
a)
True
b)
False
32.
A Salary is a _____________________
a)
hourly pay amount
b)
fixed regular payment
c)
paid bi weekly or monthly.
33.
Salaried employee does not get over time because they have a set amount of pay
a)
True
b)
False
34.
A wage pay job qualifies you for overtime
a)
True
b)
False
35.
A card that uses money directly from your bank account
a)
Debit Card
b)
Credit Card
c)
Pokemon Card
d)
Baseball Card
36.
Which source of finance is internal?
a)
Government Grant
b)
Retained Profits
c)
Bank Loan
d)
Overdraft
100 %
