Worksheets4.3 - Operating A Small Business
Total questions: 10
Worksheet time: 5mins
Which of the following would be an example of an expense for a business?
Paying staff wages
Selling a product
Renting an apartment to your tenant
Collecting interest on an investment
Which of the following would be an example of revenue for a business?
Paying rent
Selling a product
Paying for utilities
Buying supplies to make your product
Which situation would result in a business having a profit?
If the owner buys matching uniforms
If the revenue is less than the expenses
If the revenue is greater than the expenses
If the owner buys coffee for the employees every morning
What is the average monthly revenue for this business (assuming it is only open 4 months every year)?
$320.83
$3850
$15400
$962.50
What is the average monthly revenue for this business (for the 4 months that the business is open)?
$190
$172
$760
$63.33
What does it mean when a company reports a "loss"?
The factory is producing less
the company's expenses are more than its revenues
the company's revenues are more than its expenses
The company's CEO quit
What does "net income" mean?
How many lobsters a fisherman can catch in a day
Total profit or loss after adding expenses and revenue
Total profit or loss after subtracting expenses from revenue
Total revenue from the internet
A business has an annual revenue of $95 126. If the annual expenses are $56 178, did the company experience a profit, a loss, or broke even for that year?
Not enough information given
Loss
Broke even
Profit
A business experienced a loss of $32 450. If the revenue was $56 890, then what are the expenses for the year?
$89 340
$24 440
$64 900
$113 780
A business spends $65 723 in a year. What exact revenue would allow the business to meet the "break-even point"?
$70 000
$65 723
$60 000
More than $100 000
