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BizTown 4 - Business Management

Total questions: 16

Worksheet time: 8mins

Name
Class
Date
1.

Which of the following are business expenses?

a)

personal care

b)

advertising

c)

revenue

d)

supplies

2.

A new business is likely to need what bank services?

a)

balance

b)

salary

c)

loan

d)

checking account

3.

Products that are "hot items" often will:

a)

remain constant

b)

be priced higher

c)

supply less

d)

be worth less

4.

The revenue left over after paying business costs is called:

a)

profit

b)

gross balance

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)

profit

b)

inventory

c)

revenue

d)

gross balance

10.

Selling price is the amount of money a buyer pays and a seller ________ for a good or service.

a)

receives

b)

gives

c)

loses

d)

inventories

11.

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

a)

greater

b)

less than

c)

equal to

d)

are we comparing decimals or fractions?

12.

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

a)

backordered items

b)

inventory

c)

salary

d)

balance

13.

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

a)

lose

b)

deposit

c)

sell

d)

withdrawal

14.

When depositing a check, it is important to ________ it.

a)

withdrawal

b)

lose

c)

accrue

d)

endorse

15.

Which is not a good idea when making an advertisement?

a)

creates a desire for the product

b)

holds a person's interest

c)

grab the buyer's attention

d)

prompts the person to buy a different product

16.

Why is teamwork important to a quality business?

a)

helps a business provide good customer service

b)

all employees help to get the task done

c)

There is a ME in tEaM...but no I?