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WorksheetsMake It Your Business Pre/Post Test
Total questions: 40
Worksheet time: 26mins
someone who provides a product or service for someone else for money
corporation
entrepreneur
partner
operation
the process of running a business of one's own
limited liability
partnership
corporation
entrepreneurship
people who buy goods or service
consumers
animals
robots
remote control cars
thinking about your strength and weaknesses
pre test
quality control
self assessment
understanding
things used to create products and services
shops
resources
manufacturers
service
money made from providing a good or service
profit
loss
expense
income
cost of supplies that are used in a business
loss
profit
income
expenses
income greater than expenses
income
profit
loss
expenses
expenses greater than income
loss
income
profit
expenses
amount that can be earned on money invested
capital
gross
interest
net
the exchange of goods and services for money
expense
transaction
loss
goods
a federal, state, or local government tax charged on goods
revenue
cost
sales tax
deposit
about making choices and satisfying the wants and needs of consumers
target
economics
market
finance
includes the customers and the location that the business wants to serve
store
commercial product
market
micro economics
cost that must be paid no matter how much a good or service is produced
fixed cost
variable cost
opportunity cost
changing cost
cost that go up and down depending on the quantity of the good or service
fixed cost
variable cost
changing cost
opportunity cost
cost associated with beginning a business
industrial cost
operating cost
fees
start up cost
fees paid to support television, magazine, or other advertising
franchise fee
royalty fee
advertising fee
operations fee
the floor plan of your business
layout
construction
building
outline
a written statement listing the duties and responsibilities of a job
resume
application
job listing
job description
includes individuals that are interested in a particular product or service and are able to pay for it
overall market
target market
supermarket
neighborhood market
companies offering similar or identical products or services to the same group of customers
stakeholders
consumers
competitors
shareholders
items of value owned by a business
assets
liabilities
equity
overstock
items that a business owes to others
personal belongs
equity
assets
liabilities
a book in which you record the dates, amounts and names of people or business to whom you have written checks
novel
library book
check register
dictionary
the total amount of money a business receives from its activities
investment
loss
profit
revenue
the financial gain made in a transaction
profit
loss
expense
revenue
the amount of money required to purchase something
price
value
cost
expense
the process of determining the value of a business or asset
valuation
depreciation
appreciation
calculation
the amount of money left after all expenses are paid
gross income
investment
net income
revenue
the practice of spreading investments among different financial assets
concentration
consolidation
speculation
diversification
the act of promoting and selling products or services, including market research and advertising
manufacturing
distribution
accounting
marketing
the financial gain made in a transaction
loss
profit
revenue
expense
the amount of money that a company owes to its creditors
equity
capital
liabilities
assets
the financial plan that outlines expected income and expenses
profit
investment
revenue
budget
the process of promoting and selling products or services
distribution
manufacturing
marketing
accounting
the total amount of money a business receives from sales
revenue
profit
expense
cost
the process of determining the value of a business or asset
amortization
depreciation
valuation
appreciation
a financial statement that shows a company's financial position at a specific point in time
equity statement
cash flow statement
balance sheet
income statement
the cost of borrowing money, usually expressed as a percentage of the amount borrowed
interest rate
dividend
capital gain
premium
