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Business Management Assessment

Total questions: 13

Worksheet time: 7mins

Name
Class
Date
1.

Which of the following are business expenses?

a)

personal care

b)

advertising

c)

revenue

d)

supplies

2.

Which two bank services is a new business likely to need?

a)

balance

b)

salary

c)

loan

d)

checking account

3.

Price for products that are popular often will ________.

a)

remain constant

b)

be priced higher

c)

supply less

d)

be worth less

4.

What is the tern for revenue left over after paying business costs?

a)

profit

b)

gross pay

c)

inventory

d)

loss

5.

Charging more for an item guarantees a higher profit.

a)

True

b)

False

6.

A quality business follows a model of best practices.

a)

True

b)

False

7.

Good advertising only tells people what they want to hear about a product.

a)

True

b)

False

8.

Net pay is the amount of money a worker receives from an employer.

a)

True

b)

False

9.

The money a business collects from sales is called ________

a)

gross balance

b)

profit

c)

revenue

d)

salary

10.

The selling price is the amount of money that a buyer pays and the seller _________ for a good or service.

a)

earns

b)

loses

c)

finds

d)

receives

11.

To make a profit, a business's revenue has to be ________ its costs.

a)

less than

b)

more than

c)

the same as

d)

equal to

12.

The goods that a business has in stock to sell are called ______

a)

extra

b)

products

c)

services

d)

inventory

13.

As an employee of a business at JA BizTown, you wil receive two paychecks and need to ______________ them in the bank.

a)

deposit

b)

leave

c)

take

d)

collect