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WorksheetsMaster 2 - Unit 5, Words In Action
Total questions: 10
Worksheet time: 5mins
1. What is revenue?
It is the process of buying a product and re-selling it to the final consumer.
It is all the money a comopany takes in from doing what it does.
It is the name given to a new product launched in the market.
2. What is retail price?
The cost of manufacture.
The price for distributors.
The final price for consumers.
3. What does it mean to go bankrupt?
(2 POSSIBLE ANSWERS)
It means to break into a bank.
It is when a person is completely out of money (informal).
It is when a company is unable to pay its debts and a court decides all its assets will be sold to pay the creditors.
4. What is down payment?
It is the money you inject in a business that is going down.
It is the initial partial payment that is followed by installments you will then pay monthly.
The final payment in a series of installments.
5. The break-even point is...
The point where the revenue exactly matches the cost of a business.
The point where the company breaks down and closes.
The point where you get back all the money you invested.
6. What is profit?
It is the money you invest when you start a business.
It is your revenue minus the cost of your operation.
It is the money you get when you sell your product.
7. What is income?
It is your salary.
It is the money you get in exchange of work, from the sale of goods or property, as a profit from financial investiments.
It is all the money you receive when you come into a new business.
8. What is tax return?
It is the money demanded by the government to support its facilities and services.
It is when the government gives you back all the money you spent in taxes.
It is a declaration of personal income made anually to the tax authorities and used to calculate the tax you owe or the refund you will get.
9. What is crowdfunding?
It is the process of raising money online.
It is a way to donate money to lots of people in need.
It is a way to fund social projects.
10. What is a distribution channel?
It is the process that starts with the raw materials and ends with the final product.
It is the network of individuals and organizations involved in getting a product or service from the producer to the consumer.
It is a way of selling your products on TV.
