WorksheetsTerms used in business
Total questions: 10
Worksheet time: 12mins
2. Persons who own and operate their own business are called
Executives
Operators
Economisers
Entrepreneurs
3. A person who creates goods and services is called a
Consumer
Producer
Businessperson
Trader
4. An intangible benefit is called a
Service
Good
Commodity
Market
5. When coffee is traded between countries it is called a
Loss
Profit
Good
Commodity
6. Which of the following words could mean man-made resources?
Labour
Capital
Organisation
Market
7. When total revenue (TR) is greater than total cost (TC), the business makes a
Loss
Barter
Profit
Exchange
8. Give a suitable term to describe the picture to the left
Exchange
Barter
Trade
Goods
9. Another word for labour is
Natural resource
Work
Man-made resource
Human resource
10. William Knibb Canteen makes 1000 box drink and sells each drink for $150 in the month of January 2007. From the amount made, they paid wages in the amount of $50 000, taxes $80 000 and utilities $15 000. How much profit was made?
$150 000
$5 000
$145 000
$50 000
1. Another word for a business is
Building
Capital
Enterprise
Economy
